Intangible Assets

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

The following table presents the components of net intangible assets (in thousands):

	As of December 31, 2020						As of December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Oblong
Affiliate network	$	994	$	(735)	$	259	$	994	$	(666)	$	328
Trademarks	548		(548)		—		548		(504)		44
Subtotal	1,542		(1,283)		259		1,542		(1,170)		372
Oblong Industries
Developed technology	10,060		(2,520)		7,540		10,060		(504)		9,556
Trade names	2,410		(302)		2,108		2,410		(60)		2,350
Distributor relationships	310		(77)		233		310		(16)		294
Subtotal	12,780		(2,899)		9,881		12,780		(580)		12,200
Total	$	14,322	$	(4,182)	$	10,140	$	14,322	$	(1,750)	$	12,572

At each reporting period, we determine if there was a triggering event that may result in an impairment of our intangible assets. During the three months ended March 31, 2020, we considered the novel Coronavirus (COVID-19) pandemic and resulting declines in certain of the Company’s revenue to be a triggering event for an interim impairment test of intangible assets for both reporting units. During the year ended December 31, 2020, no impairment charges were required. Intangible assets with finite lives are amortized using the straight-line method over the estimated economic lives of the assets, which range from five years to twelve years in accordance with ASC Topic 350. The weighted average lives for the components of intangible assets are as follows:

Oblong (formerly Glowpoint)	Life
Affiliate network	12 years
Trademarks	8 years
Oblong Industries	Life
Developed technology	5 years
Trade names	10 years
Distributor relationships	5 years

Related amortization expense was $2,432,000 and $707,000 for the years ended December 31, 2020 and 2019, respectively. Amortization expense for each of the next five succeeding years will be as follows (in thousands):

2021	$	2,386
2022	2,386
2023	2,386
2024	1,850
2025	241
Thereafter	891
Total	$	10,140