Intangible Assets

12 Months Ended

Dec. 31, 2020

7. INTANGIBLE ASSETS

On May 18, 2020, the acquisition of EMS resulted in additional customer relationship intangible assets of $6,400.

The Company has definite-lived technology and customer relationship intangible assets that are evaluated for impairment periodically or when events or changes in circumstances indicate that the carrying amount of the intangible assets may not be recoverable. In 2020, the Company evaluated the recoverability of its technology intangible assets due to delays in clinical trials to obtain the approval for new hearing products. No triggering event that would require testing for impairment was identified for customer relationship intangible assets in 2020. The Company concluded that no impairment of intangible assets occurred during the year ended December 31, 2020. Our Hearing Help Express reporting unit reported a non-cash impairment charge to intangible assets of $2,508 for the period ended June 30, 2019.

The changes in the carrying amount of intangible assets for the years presented are as follows:


Carrying amount at December 31, 2018	$	4,844
Acquisition of self-fitting software		3,679
Amortization of intangible assets		(470)
Impairment of intangible assets of Hearing Help Express		(2,508)
Carrying amount at December 31, 2019	$	5,545
Acquisition of Emerald Medical Services		6,400
Additional self-fitting software costs		296
Amortization of intangible assets		(1,456)
Carrying amount at December 31, 2020	$	10,785

Intangible assets consisted of the following at:


		December 31, 2020
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer list	$	6,400	$	(467)	$	5,933
Self-fitting software		3,975		(596)		3,379
Technology access		2,750		(1,277)		1,473
Total	$	13,125	$	(2,340)	$	10,785

		December 31, 2019
		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Self-fitting software	$	3,679	$	-	$	3,679
Technology access		2,750		(884)		1,866
Total	$	6,429	$	(884)	$	5,545

Original useful lives for the customer list, self-fitting software and technology access intangible assets are 8, 5 and 7 years, respectively.