v3.23.2
INTANGIBLE ASSETS, NET
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET

NOTE 6:       INTANGIBLE ASSETS, NET

 

Acquired intangible assets consisted of the following as of June 30, 2023, and December 31, 2022:

 

   
June 30, 2023
   
December 31, 2022
 
Intangible assets with finite lives:
           
Current Technology
 
$
34,879
   
$
29,196
 
Customer relationships
   
3,138
     
2,958
 
Trade names
   
3,769
     
3,287
 
Assembled workforce
   
3,575
     
3,575
 
Patents and licenses*
   
21,400
     
1,400
 
Gross intangible assets
   
66,761
     
40,416
 
Less - accumulated amortization
   
(23,105
)
   
(20,487
)
Total intangible assets, net
 
$
43,656
   
$
19,929
 

 

* See Note 16

 

For the three months ended June 30, 2023 and 2022 the Company recorded amortization expenses related to intangible assets in the amount of $1,820 and $2,619, respectively.
 
For the six months ended June 30, 2023 and 2022 the Company recorded amortization expenses related to intangible assets in the amount of $3,238 and $5,277, respectively.
 
Expected future amortization expenses of intangible assets as of June 30, 2023 are as follows:

 

2023
 
$
4,666
 
2024
   
8,627
 
2025
   
7,698
 
2026
   
7,269
 
2027
   
4,002
 
2028 and thereafter
   
11,394
 
   
$
43,656