Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

v3.21.2
INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

 

5. INTANGIBLE ASSETS

 

   

September 30, 2021

    

December 31, 2020

  
Internal use software   $ 184     $ 184  
Capitalized engineering costs     281       -  
Trade name     343       -  
Customer relationships     1,800       -  
Favorable leases     292       -  
Internally developed technology     1,233       -  
Non-compete agreements     148       -  
Intangible assets, gross     4,281       184  
Less: accumulated amortization     (587 )     (138 )
Intangible assets, net   $ 3,694     $ 46  

 

Amortization expense during the three months ended September 30, 2021 and 2020 was $461 and $15, respectively. Amortization expense during the nine months ended September 30, 2021 and 2020 was $621 and $46, respectively.

 

Changes in the balance of intangible assets and goodwill reflected on the balance sheet are the result of the impact of the change in foreign currency exchange rates.

 

See Note 3 - Business Combination for additional details.