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Goodwill & Intangible Assets, Net
 12 Months Ended
Dec. 31, 2021
Goodwill & Intangible Assets, Net [Abstract]  
GOODWILL & INTANGIBLE ASSETS, NET

NOTE 4 — GOODWILL & INTANGIBLE ASSETS, NET:

 

Goodwill

 

The following table presents the changes in the carrying amount of goodwill and the intangible assets as of December 31, 2021 (U.S. dollars in thousands):

 

Balance as of December 31, 2020  $
-
 
Goodwill from acquisition of Zebra   51,243 
Goodwill from acquisition of USARAD   7,055 
Balance as of December 31, 2021  $58,298 

 

Intangible assets

 

The acquired intangible assets has an estimated fair value as of December 31, 2021 of $101,826 thousand. The Identifiable intangible assets were recorded as follows (U.S. dollars in thousands):

 

   Weighted Average         
   Useful Life
(in Years)		  Amount as of
the merger/
acquisition
date		  Amortization
expense for
the period		  Amount as
of December 31,
2021
             
Developed technology   10   $27,316   $455   $26,861 
Image big data   10   $52,500   $875   $51,625 
Market platform   4   $2,591   $108   $2,483 
Radiologist relationships   11.17   $17,770   $265   $17,505 
Trade name   12.17   $2,095   $29   $2,066 
Customer relationships   6.17   $1,322   $36   $1,286 
Total       $103,594   $1,768   $101,826 

 

Intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed periodically for impairment. Amortization expenses were $1,768 and $0 and $0 for the years ended December 31, 2021 and December 31, 2020 and December 31, 2019, respectively. 

 

Amortization of intangible assets for each of the next five years and thereafter is expected to be as follows:

 

Year ended December 31,      
2022   $ 10,607  
2023     10,607  
2024     10,607  
2025     10,499  
2026 and thenafter     59,506  
Total   $ 101,826