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Intangible Assets
12 Months Ended
Dec. 31, 2020
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets

Note 9 - Intangible Assets

December 31

2019

2020

Useful life

US$ thousands

Original cost:

Capitalization of software development costs

3

1,946

2,983

Licenses

3

106

556

2,052

3,539

Accumulated amortization:

Capitalization of software development costs

274

2,163

Licenses

60

206

334

2,369

 

Intangible assets, net:

Capitalization of software development costs

1,672

820

Licenses

46

350

1,718

1,170

 

Amortization expense for the years ended December 31, 2018, 2019 and 2020 were US$ 1,103 thousand, US$ 266 thousand and US$ 378 thousand, respectively. The company recorded an impairment charge of US$ 1,657 thousand in the year ended December 31, 2020, for software that will no longer be utilized by the company and the asset value and accumulated amortization were written off. The impairment was recorded in cost of sales.