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Intangible Assets
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 7. Intangible Assets

Intangible assets consists of the following as of December 31, 2021 and 2020 (in thousands):

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Supplier relationships gained in acquisition

 

$

11,373

 

 

$

 

Capitalized software

 

 

2,322

 

 

 

1,966

 

 

 

 

13,695

 

 

 

1,966

 

Less: accumulated amortization

 

 

(2,158

)

 

 

(1,478

)

Total intangible assets, net

 

$

11,537

 

 

$

488

 

 

Amortization expense related to acquired intangibles (see Note 3) and capitalized software, totaled $0.6 million and $0.4 million during the years ended December 31, 2021 and 2020, respectively. The following table summarizes amortization expense expected to be recognized for the Company's capitalized software and supplier relationships as of December 31, 2021 (in thousands):

 

 

 

December 31,

 

 

 

2021

 

2022

 

$

851

 

2023

 

 

756

 

2024

 

 

660

 

2025

 

 

586

 

2026

 

 

586

 

Thereafter

 

 

8,098

 

Total

 

$

11,537