Note 5. Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

The components of intangible assets are as follows (in 000’s):

	December 31, 2019
		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770	$	(1,770	)	$	—
Customer relationships		4,600		(2,100	)		2,500
Proprietary software		1,279		(865	)		414
Distribution partner relationships		153		(23	)		130
Non-compete agreement		69		(14	)		55
Trademarks – definite-lived		173		(165	)		8
Trademarks – indefinite-lived		408		—			408
Total intangible assets	$	8,452	$	(4,937	)	$	3,515

	December 31, 2018
		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770	$	(1,770	)	$	—
Customer relationships		3,735		(1,534	)		2,201
Proprietary software		782		(753	)		29
Distribution partner relationships		153		(8	)		145
Trademarks – definite-lived		173		(154	)		19
Trademarks – indefinite-lived		408		—			408
Total intangible assets	$	7,021	$	(4,219	)	$	2,802

The Company performed its annual assessment for impairment of goodwill and intangible assets and determined there was no impairment as of and for the years ended December 31, 2019 and 2018.

The amortization of intangible assets is a charge to operating expenses and totaled $718,000 and $520,000 in the years ended 2019 and 2018, respectively.

The future amortization of the identifiable intangible assets is as follows (in 000’s):

Years Ending December 31:
	2020	$	609
	2021		459
	2022		431
	2023		431
	2024		431
	Thereafter		746
	Total	$	3,107

Our goodwill balance of $6,376,000 at December 31, 2019, was related to our acquisition of Basset Press in July 2007, PIR in 2013, ACCESSWIRE in 2014, Interwest in 2017, FSCwire in 2018 and VWP in 2019. The increase in the amount of goodwill of $1,344,000 as compared to the balance of $5,032,000 as of December 31, 2018, was due to the acquisition of VWP as described in Note 4. We conducted our annual impairment analyses as of October 1, of 2019 and 2018 and determined that no goodwill was impaired.