INTANGIBLE ASSETS, NET

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 11—INTANGIBLE ASSETS, NET

Intangible assets consisted of:


	December 31, 2021							December 31, 2020
	Carrying Amount		Accum. Amort.			Net Amount		Carrying Amount		Accum. Amort.			Net Amount
Trade names	$	6,073	$	(1,913	)	$	4,160	$	10,372	$	(2,099	)	$	8,273
Foreign currency translation adjustment		252		16			268		295		(34	)	$	261

	$	6,325	$	(1,897	)	$	4,428	$	10,667	$	(2,133	)	$	8,534

Amortization expense was $1,069, $1,046 and $1,053 for the years ended December 31, 2021, 2020, and 2019, respectively, and is included in “General and administrative expenses” in the Consolidated Statements of Operations. At December 31, 2021, the Company recorded a

write-off

of other intangible assets of $3,009 for the

Veritas Prep

definite-lived trade name to adjust its net carrying value to zero. The

write-off

of the

Veritas Prep

trade name was the result of a strategic decision made by management in December 2021 to abandon the Veritas legacy business as the Company will no longer sell new services under the

Veritas Prep

trade name.

For the definite-lived intangible assets recorded as of December 31, 2021, estimated amortization expense for the next five years is as follows:


2022	$	632
2023		632
2024		632
2025		632
2026		632