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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 4 – GOODWILL AND OTHER INTANGIBLE ASSETS As of September 30, 2020 and December 31, 2019, goodwill was $71,289 and $68,697, respectively, which is net of the $35,060 impairment loss recognized in the fourth quarter of 2019. The Company evaluates the recoverability of goodwill annually and whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. As of September 30, 2020, there has been no impairment of goodwill based on the quantitative assessments performed by the Company. The following table summarizes the changes in our goodwill:
Balance at December 31, 2019 |  | $ | 68,697 |
Acquisition |  |  | 2,592 |
Balance at September 30, 2020 |  | $ | 71,289 |
The gross carrying amount and accumulated amortization of our intangible assets as of September 30, 2020 and December 31, 2019 are as follows:
|  | September 30, 2020 |
Intangible Assets |  | Weighted Average Amortization Period (in Years) |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Customer relationships |  |  | 8.9 |  |  | $ | 83,111 |  |  | $ | (26,575 | ) |  | $ | 56,536 |
Developed technology |  |  | 6.6 |  |  |  | 12,001 |  |  |  | (7,230 | ) |  |  | 4,771 |
Reseller relationships |  |  | 7.0 |  |  |  | 853 |  |  |  | (853 | ) |  |  | - |
Trade names |  |  | 3.0 |  |  |  | 780 |  |  |  | (254 | ) |  |  | 526 |
Noncompete agreements |  |  | 5.2 |  |  |  | 1,032 |  |  |  | (810 | ) |  |  | 222 |
|  |  | 8.5 |  |  | $ | 97,777 |  |  | $ | (35,722 | ) |  | $ | 62,055 |
|  | December 31, 2019 |
Intangible Assets |  | Weighted Average Amortization Period (in Years) |  |  | Gross |  |  | Accumulated Amortization |  |  | Net |
Customer relationships |  |  | 8.9 |  |  | $ | 78,558 |  |  | $ | (19,757 | ) |  | $ | 58,801 |
Developed technology |  |  | 6.0 |  |  |  | 10,001 |  |  |  | (6,004 | ) |  |  | 3,997 |
Reseller relationships |  |  | 7.0 |  |  |  | 853 |  |  |  | (853 | ) |  |  | - |
Trade names |  |  | 3.0 |  |  |  | 780 |  |  |  | (78 | ) |  |  | 702 |
Noncompete agreements |  |  | 5.2 |  |  |  | 1,032 |  |  |  | (682 | ) |  |  | 350 |
|  |  | 8.5 |  |  | $ | 91,224 |  |  | $ | (27,374 | ) |  | $ | 63,850 |
We record amortization expenses using the straight-line method over the estimated useful lives of the intangible assets, as noted above. Amortization expenses recorded in Operating Expenses were $2,424 and $2,322, for the three months ended September 30, 2020 and 2019, respectively. Amortization expenses recorded in Cost of Sales were $397 and $417 for the three months ended September 30, 2020 and 2019, respectively. Amortization expenses recorded in Operating Expenses were $7,123 and $7,143, for the nine months ended September 30, 2020 and 2019, respectively. Amortization expenses recorded in Cost of Sales were $1,225 and $1,137 for the nine months ended September 30, 2020 and 2019, respectively. There is no impairment of intangibles during the nine months ended September 30, 2020 based on the qualitative assessment performed by the Company. The following table summarizes the future estimated amortization expense relating to our intangible assets as of September 30, 2020:
Calendar Years |  | Amount |
2020 (September to December) |  | $ | 2,803 |
2021 |  |  | 11,048 |
2022 |  |  | 10,514 |
2023 |  |  | 9,389 |
2024 |  |  | 9,162 |
Thereafter |  |  | 19,139 |
|  | $ | 62,055 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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