Annual report pursuant to Section 13 and 15(d)

ACQUIRED TECHNOLOGY

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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.