Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Other Intangible Assets

Note Goodwill and Other Intangible Assets

Note 4: Goodwill and Other Intangible Assets

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

	December 31, 2021
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770	$	(1,770	)	$	-
Customer relationships		4,600		(2,937	)		1,663
Proprietary software		1,279		(1,031	)		248
Distribution partner relationships		153		(53	)		100
Non-compete agreement		69		(41	)		28
Trademarks - definite-lived		173		(173	)		-
Trademarks - indefinite-lived		408		-			408
Total intangible assets	$	8,452	$	(6,005	)	$	2,447

	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer lists	$	1,770	$	(1,770	)	$	—
Customer relationships		4,600		(2,589	)		2,011
Proprietary software		1,279		(948	)		331
Distribution partner relationships		153		(38	)		115
Non-compete agreement		69		(28	)		41
Trademarks - definite-lived		173		(173	)		-
Trademarks - indefinite-lived		408		-			408
Total intangible assets	$	8,452	$	(5,546	)	$	2,906

The Company performed its annual assessment for impairment of intangible assets and determined there was no impairment as of and for the years ended December 31, 2021 and 2020.

The amortization of intangible assets is a charge to operating expenses and totaled $459,000 and $609,000 in the years ended 2021 and 2020, respectively.

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

Years Ending December 31:
2022	$	431
2023		431
2024		418
2025		319
2026		291
Thereafter		149
Total	$	2,039

The goodwill balance of $6,376,000 on December 31, 2021, was related to the stock acquisitions of Basset Press in July 2007, PIR in 2013, ACCESSWIRE in 2014, Interwest in 2017, Filing Services Canada, Inc. in 2018 and the assets of the Visual Webcasting Platform in 2019. The Company conducted its annual impairment analyses as of October 1, of 2021 and 2020 and determined that no goodwill was impaired.