Goodwill and Intangible Assets, Net |
NOTE 6. GOODWILL AND INTANGIBLE ASSETS, NET
Goodwill
The following table presents the changes in the carrying amount of goodwill:
|
|
Carrying Amount
|
|
Balance as of December 31, 2018
|
|
$
|
5,509
|
|
Performance Bridge working capital adjustment
|
|
|
34
|
|
Wazee Digital purchase accounting adjustment
|
|
|
(123
|
)
|
Balance as of June 30, 2019
|
|
$
|
5,420
|
|
Intangible Assets
Intangible assets, net consisted of the following:
|
|
|
|
|
|
June 30, 2019
|
|
|
December 31, 2018
|
|
|
|
Weighted
|
|
|
Gross
|
|
|
|
|
|
|
Net
|
|
|
Gross
|
|
|
|
|
|
|
Net
|
|
|
|
Average Useful
|
|
|
Carrying
|
|
|
Accumulated
|
|
|
Carrying
|
|
|
Carrying
|
|
|
Accumulated
|
|
|
Carrying
|
|
|
|
Life (in years)
|
|
|
Amount
|
|
|
Amortization
|
|
|
Amount
|
|
|
Amount
|
|
|
Amortization
|
|
|
Amount
|
|
Acquired software and technology
|
|
|
1.3
|
|
|
$
|
3,576
|
|
|
$
|
(2,031
|
)
|
|
$
|
1,545
|
|
|
$
|
3,576
|
|
|
$
|
(1,613
|
)
|
|
$
|
1,963
|
|
Licensed technology
|
|
|
2.1
|
|
|
|
500
|
|
|
|
(125
|
)
|
|
|
375
|
|
|
|
500
|
|
|
|
(42
|
)
|
|
|
458
|
|
Developed technology
|
|
|
4.1
|
|
|
|
10,077
|
|
|
|
(1,613
|
)
|
|
|
8,464
|
|
|
|
9,600
|
|
|
|
(792
|
)
|
|
|
8,808
|
|
Customer relationships
|
|
|
4.1
|
|
|
|
9,300
|
|
|
|
(1,550
|
)
|
|
|
7,750
|
|
|
|
9,300
|
|
|
|
(733
|
)
|
|
|
8,567
|
|
Trademarks and trade names
|
|
|
1.4
|
|
|
|
100
|
|
|
|
(37
|
)
|
|
|
63
|
|
|
|
100
|
|
|
|
(15
|
)
|
|
|
85
|
|
Noncompete agreements
|
|
|
3.0
|
|
|
|
800
|
|
|
|
(174
|
)
|
|
|
626
|
|
|
|
800
|
|
|
|
(201
|
)
|
|
|
599
|
|
Total
|
|
|
3.6
|
|
|
$
|
24,353
|
|
|
$
|
(5,530
|
)
|
|
$
|
18,823
|
|
|
$
|
23,876
|
|
|
$
|
(3,396
|
)
|
|
$
|
20,480
|
|
The following table presents amortization expense associated with the Company’s finite-lived intangible assets, which is included in the consolidated statement of operations and comprehensive loss:
|
|
Three Months Ended
|
|
|
Six Months Ended
|
|
|
|
June 30,
|
|
|
June 30,
|
|
|
|
2019
|
|
|
2018
|
|
|
2019
|
|
|
2018
|
|
Cost of revenues
|
|
$
|
535
|
|
|
$
|
48
|
|
|
$
|
905
|
|
|
$
|
96
|
|
Sales and marketing
|
|
|
319
|
|
|
|
—
|
|
|
|
391
|
|
|
|
—
|
|
Research and development
|
|
|
256
|
|
|
|
256
|
|
|
|
512
|
|
|
|
517
|
|
General and administrative
|
|
|
212
|
|
|
|
3
|
|
|
|
355
|
|
|
|
5
|
|
Total
|
|
$
|
1,322
|
|
|
$
|
307
|
|
|
$
|
2,163
|
|
|
$
|
618
|
|
The following table presents future amortization of the Company’s finite-lived intangible assets at June 30, 2019:
2019 (6 months)
|
|
$
|
2,697
|
|
2020
|
|
|
5,382
|
|
2021
|
|
|
4,261
|
|
2022
|
|
|
3,963
|
|
2023
|
|
|
2,520
|
|
Total
|
|
$
|
18,823
|
|
|