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Goodwill and Intangibles (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangibles  
Goodwill activity
2020
2019
Balance at beginning of year
$
17,376,000
$
21,476,000
Additions
Impairment
(4,100,000)
Balance at end of year
$
17,376,000
$
17,376,000
Intangible assets
Definite-lived Intangible Assets
Amortization Period
Gross Carrying
 
Amount
Accumulated
 
Amortization
Net Carrying
 
Amount
Trade Name
25 Years
$
250,000
$
(58,000)
$
192,000
Trademarks
10 Years
1,610,000
(476,000)
1,134,000
Non-competition Agreement
5 Years
1,810,000
(1,071,000)
739,000
Developed Technology
7 Years
4,420,000
(1,869,000)
2,551,000
Customer Relationships
10
-
12
 
Years
9,330,000
(2,430,000)
6,900,000
Total
$
17,420,000
$
(5,904,000)
$
11,516,000
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
Future intangible amortization
Amortization Expense
2021
$
1,949,000
2022
1,949,000
2023
1,602,000
2024
1,587,000
2025
951,000
2026 and thereafter
3,478,000
Total intangibles as of December
 
31, 2020
$
11,516,000