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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2020
Goodwill and Intangible Assets |
Schedule of goodwill | The following table represents the changes in the carrying value of goodwill for the years ended December 31, 2020 and 2019 (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31 |  | December 31,
​ | ​ | 2020 | ​ | 2019
Balance at beginning of year | ​ | $ | 11,000 | ​ | $ | —
Goodwill related to Cryogene acquisition | ​ |  | — | ​ |  | 11,000
Goodwill related to MVE acquisition | ​ |  | 107,504 | ​ |  | —
Goodwill related to CRYOPDP acquisition | ​ |  | 26,778 | ​ |  | —
Balance at end of year | ​ | $ | 145,282 | ​ | $ | 11,000
​
Schedule of intangible assets | The following table presents our intangible assets as of December 31, 2020 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 123 | ​ | $ | 267 |  | 3
Technology | ​ | ​ | 34,245 | ​ | ​ | 1,630 | ​ | ​ | 32,615 | ​ | 11
Customer relationships | ​ | ​ | 128,640 | ​ | ​ | 2,708 | ​ | ​ | 125,932 | ​ | 14
Cryogene trade name/trademark | ​ | ​ | 480 | ​ | ​ | 51 | ​ | ​ | 429 | ​ | 13
CRYOPDP agent network | ​ | ​ | 8,597 | ​ | ​ | 537 | ​ | ​ | 8,060 | ​ | 4
MVE Order backlog | ​ | ​ | 2,600 | ​ | ​ | 2,600 | ​ | ​ | — | ​ | —
MVE land use rights | ​ | ​ | 2,378 | ​ | ​ | 16 | ​ | ​ | 2,362 | ​ | 37
Patents and trademarks | ​ | ​ | 44,312 | ​ | ​ | 69 | ​ | ​ | 44,243 | ​ | —
Total | ​ | $ | 221,642 | ​ | $ | 7,734 | ​ | $ | 213,908 | ​ | ​
​ The following table presents our intangible assets as of December 31, 2019 (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Net | ​ | Average
​ | ​ | Gross | ​ | Accumulated | ​ | Carrying | ​ | Amortization
​ |  | Amount |  | Amortization |  | Amount |  | Period (years)
Non-compete agreement | ​ | $ | 390 | ​ | $ | 45 | ​ | $ | 345 |  | 5
Technology | ​ | ​ | 510 | ​ | ​ | 59 | ​ | ​ | 451 | ​ | 5
Customer relationships | ​ | ​ | 3,900 | ​ | ​ | 190 | ​ | ​ | 3,710 | ​ | 12
Cryogene trade name/trademark | ​ | ​ | 480 | ​ | ​ | 19 | ​ | ​ | 461 | ​ | 15
Cryoport patents and trademarks | ​ | ​ | 258 | ​ | ​ | 47 | ​ | ​ | 211 |  | —
Total | ​ | $ | 5,538 | ​ | $ | 360 | ​ | $ | 5,178 | ​ | ​
​
Schedule of expected future amortization of intangible assets | ​ Expected future amortization of intangible assets as of December 31, 2020 is as follows (in thousands): ​
​ | ​ | ​ | ​
Years Ending December 31, |  | Amount
2021 | ​ |  | 14,438
2022 | ​ |  | 14,438
2023 | ​ |  | 14,438
2024 | ​ |  | 13,795
2025 | ​ |  | 12,108
Thereafter | ​ |  | 100,124
​ | ​ | $ | 169,341

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