Intangible assets, net

12 Months Ended

Dec. 31, 2021

Intangible assets, net

Intangible assets, net

Note 7 — Intangible assets, net

Intangible assets, net consisted of the following (in thousands):

	December 31,		December 31,
	2021		2020
Acquired software licenses	$	4,842	$	4,651
Licensed IP rights – completed technology used in R&D		209		211
		5,051		4,862
Less accumulated amortization		(4,051)		(3,132)
	$	1,000	$	1,730

Amortization expense was $937,000, $967,000, and $838,000 for the years ended December 31, 2021 2020 and 2019 respectively. The estimated aggregate amortization expense expected to be recorded in respect of these assets for each of the five years ended 2026 is $771,000, $222,000, $18,000, $1,000 and $1,000, respectively.