Goodwill and Intangibles (Notes)

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Text Block]

. GOODWILL AND INTANGIBLES

Goodwill activity for the six months ended June 30, 2020 consisted of the following:



Balance at December 31, 2019	$	17,376,000
Additions	—
Impairment	—
Balance at June 30, 2020	$	17,376,000

Intangible assets at June 30, 2020 were comprised of the following:



Definite-lived Intangible Assets	Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trade Name	25 Years	$	250,000	$	(53,000	)	$	197,000
Trademarks	10 Years	1,610,000		(395,000		)	1,215,000
Non-competition Agreement	5 Years	1,810,000		(890,000		)	920,000
Developed Technology	7 Years	4,420,000		(1,552,000		)	2,868,000
Customer Relationships	10-12 Years	9,330,000		(2,040,000		)	7,290,000
Total		$	17,420,000	$	(4,930,000	)	$	12,490,000

The aggregate intangible asset amortization expense was $487,000 for the three months ended June 30, 2020 and 2019, respectively. The aggregate intangible asset amortization expense was $974,000 for the six months ended June 30, 2020 and 2019, respectively.

Intangible assets at December 31, 2019 were comprised of the following:



Definite-lived Intangible Assets	Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Trade Name	25 Years	$	250,000	$	(48,000	)	$	202,000
Trademarks	10 Years	1,610,000		(315,000		)	1,295,000
Non-competition Agreement	5 Years	1,810,000		(709,000		)	1,101,000
Developed Technology	7 Years	4,420,000		(1,237,000		)	3,183,000
Customer Relationships	10-12 Years	9,330,000		(1,647,000		)	7,683,000
Total		$	17,420,000	$	(3,956,000	)	$	13,464,000