Annual report pursuant to Section 13 and 15(d)

ACQUIRED TECHNOLOGY

v3.20.4
ACQUIRED TECHNOLOGY
12 Months Ended
Dec. 31, 2020
ACQUIRED TECHNOLOGY.  
ACQUIRED TECHNOLOGY

9. ACQUIRED TECHNOLOGY

Acquired technology consisted of the following (in thousands):

    

    

    

Accumulated

    

Balance

Gross Value

Estimated Life

Amortization

December 31, 2020

Acquired technology

$

10,193

5 years

$

1,091

$

9,102

The Company recognized $0.8 million and $0.3 million of amortization expense as of December 31, 2020 and 2019, respectively, and expects to recognize $2.0 million of amortization expense annually in the years ended December 31, 2021 through 2023, $1.8 million in 2024, and $1.3 million in 2025. The weighted-average remaining amortization period is 4.6 years.