Goodwill and Intangible Assets, Net	6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Net
Goodwill and Intangible Assets, Net	9. Goodwill and Intangible Assets, Net Goodwill As of June 30, 2021 and December 31, 2020, the Company’s carrying amount of goodwill was $1,989,000, all of which came from the Company’s acquisition of WPS. Intangible Assets, Net As a result of the Company’s acquisition of WPS, the Company acquired intangible assets consisting of WPS’s customer relationships and trade name, the fair values of which were $987,000 and $70,000, respectively, as of the acquisition date. Pursuant to the Company’s agreement with the original owners of WPS, the Company agreed to discontinue using the name of Weeden Prime Services, LLC and filed to change it to WPS Prime Services, LLC in May 2020. The Company amortizes its acquired intangible assets over their useful lives, and as of June 30, 2021, the WPS trade name has been fully amortized. Impairment As of June 30, 2021, management concluded that there have been no impairments to the carrying value of the Company’s goodwill and other tangible and intangible assets.

Goodwill and Intangible Assets, Net

6 Months Ended

Jun. 30, 2021

9. Goodwill and Intangible Assets, Net

Goodwill

As of June 30, 2021 and December 31, 2020, the Company’s carrying amount of goodwill was $1,989,000, all of which came from the Company’s acquisition of WPS.

Intangible Assets, Net

As a result of the Company’s acquisition of WPS, the Company acquired intangible assets consisting of WPS’s customer relationships and trade name, the fair values of which were $987,000 and $70,000, respectively, as of the acquisition date. Pursuant to the Company’s agreement with the original owners of WPS, the Company agreed to discontinue using the name of Weeden Prime Services, LLC and filed to change it to WPS Prime Services, LLC in May 2020. The Company amortizes its acquired intangible assets over their useful lives, and as of June 30, 2021, the WPS trade name has been fully amortized.

Impairment

As of June 30, 2021, management concluded that there have been no impairments to the carrying value of the Company’s goodwill and other tangible and intangible assets.