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Note 7 - Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

Intangible Assets Disclosure [Text Block]

NOTE 7:

INTANGIBLE ASSETS, NET

					Nine months ended September 30, 2022 (unaudited)						Year ended December 31, 2021
	Weighted average amortization period (years)		Gross carrying amount		Accumulated amortization		Impairment		Net		Gross carrying amount		Accumulated amortization		Net

Intangible assets –amortizable:

Intangible assets related to the acquisition of Intrinsix
Customer relationships		5.5	$	3,604	$	874	$	—	$	2,730	$	3,604	$	382	$	3,222
Customer backlog		1.5		421		374		—		47		421		164		257
Patents		5.0		218		58		—		160		218		26		192
Core technologies		3.0		3,329		1,479		—		1,850		3,329		647		2,682

Intangible assets related to the acquisition of Hillcrest Labs business
Customer relationships		4.4		3,518		2,781		—		737		3,518		2,130		1,388
Customer backlog		0.5		72		72		—		—		72		72		—
R&D Tools		7.5		2,475		1,057		—		1,418		2,475		810		1,665

Intangible assets related to Immervision assets acquisition
R&D Tools		6.4		7,063		3,507		3,556		—		7,063		2,679		4,384
Impairment loss (*)

Intangible assets related to an investment in NB-IoT technologies
NB-IoT technologies (**)		7.0		1,961		1,354		—		607		1,961		1,144		817

Total intangible assets			$	22,661	$	11,556	$	3,556	$	7,549	$	22,661	$	8,054	$	14,607

(*) See Note 14 for more information about the impairment loss.

(**) During the first quarter of 2018, the Company entered into an agreement to acquire certain NB-IoT technologies in the amount of $2,800, of which technologies valued at $600 have not been received and have been written off during the third quarter of 2022 (see Note 14 for more information). Of the $2,200 received, $210 has not resulted in cash outflows as of September 30, 2022. In addition, the Company participated in programs sponsored by the Hong Kong government for the support of the above investment, and as a result, the Company received during 2019 an amount of $239 related to the NB-IoT technologies, which was reduced from the gross carrying amount of intangible assets. The Company recorded the amortization cost of the NB-IoT technologies in “cost of revenues” on the Company’s interim condensed consolidated statements of income (loss).

Future estimated annual amortization charges are as follows:

2022		870
2023		2,610
2024		1,909
2025		1,189
2026		956
2027 and thereafter		15
	$	7,549