| 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
|
|
|
Performance Bridge purchase price allocation adjustment
|
|
|
1,575
|
|
|
Machine Box purchase price allocation adjustment
|
|
|
246
|
|
|
Wazee Digital purchase price allocation adjustment
|
|
|
(123
|
)
|
|
Balance as of September 30, 2019
|
|
$
|
7,241
|
|
Intangible Assets
Intangible assets, net consisted of the following:
|
|
|
September 30, 2019
|
|
|
December 31, 2018
|
|
|
|
|
Weighted Average
|
|
|
Gross Carrying
|
|
|
Accumulated
|
|
|
Net Carrying
|
|
|
Gross Carrying
|
|
|
Accumulated
|
|
|
Net Carrying
|
|
|
|
|
Life (in years)
|
|
|
Amount
|
|
|
Amortization
|
|
|
Amount
|
|
|
Amount
|
|
|
Amortization
|
|
|
Amount
|
|
|
Acquired software and technology
|
|
|
1.2
|
|
|
$
|
4,053
|
|
|
$
|
(2,290
|
)
|
|
$
|
1,763
|
|
|
$
|
3,576
|
|
|
$
|
(1,613
|
)
|
|
$
|
1,963
|
|
|
Licensed technology
|
|
|
1.9
|
|
|
|
500
|
|
|
|
(167
|
)
|
|
|
333
|
|
|
|
500
|
|
|
|
(42
|
)
|
|
|
458
|
|
|
Developed technology
|
|
|
3.9
|
|
|
|
9,600
|
|
|
|
(2,133
|
)
|
|
|
7,467
|
|
|
|
9,600
|
|
|
|
(792
|
)
|
|
|
8,808
|
|
|
Customer relationships
|
|
|
3.9
|
|
|
|
9,300
|
|
|
|
(2,015
|
)
|
|
|
7,285
|
|
|
|
9,300
|
|
|
|
(733
|
)
|
|
|
8,567
|
|
|
Trademarks and trade names
|
|
|
1.2
|
|
|
|
100
|
|
|
|
(48
|
)
|
|
|
52
|
|
|
|
100
|
|
|
|
(15
|
)
|
|
|
85
|
|
|
Noncompete agreements
|
|
|
2.8
|
|
|
|
800
|
|
|
|
(226
|
)
|
|
|
574
|
|
|
|
800
|
|
|
|
(201
|
)
|
|
|
599
|
|
|
Total
|
|
|
3.6
|
|
|
$
|
24,353
|
|
|
$
|
(6,879
|
)
|
|
$
|
17,474
|
|
|
$
|
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
|
|
|
Nine Months Ended
|
|
|
|
|
September 30,
|
|
|
September 30,
|
|
|
|
|
2019
|
|
|
2018
|
|
|
2019
|
|
|
2018
|
|
|
Cost of revenues
|
|
$
|
561
|
|
|
$
|
32
|
|
|
$
|
1,466
|
|
|
$
|
96
|
|
|
Sales and marketing
|
|
|
528
|
|
|
|
18
|
|
|
|
1,269
|
|
|
|
18
|
|
|
Research and development
|
|
|
257
|
|
|
|
256
|
|
|
|
769
|
|
|
|
776
|
|
|
General and administrative
|
|
|
6
|
|
|
|
3
|
|
|
|
11
|
|
|
|
8
|
|
|
Total
|
|
$
|
1,352
|
|
|
$
|
309
|
|
|
$
|
3,515
|
|
|
$
|
898
|
|
The following table presents future amortization of the Company’s finite-lived intangible assets at September 30, 2019:
|
2019 (3 months)
|
|
$
|
1,348
|
|
|
2020
|
|
|
5,382
|
|
|
2021
|
|
|
4,261
|
|
|
2022
|
|
|
3,963
|
|
|
2023
|
|
|
2,520
|
|
|
Total
|
|
$
|
17,474
|
|
|