In November 2020, we entered into a Bill of Sale and Assignment Agreement (the “Agreement”) with Radiant Mission Solutions Inc. (“Radiant” as seller) and Maxar Technologies, Inc. (as guarantor) to acquire certain assets and assume certain liabilities of Radiant’s AFIX product line for cash consideration of approximately $2.4 million. The acquisition of AFIX provides turnkey face and fingerprint biometric and forensic analysis software for small and medium-sized law enforcement and government agencies and extends our ABIS product family.

The acquisition was accounted for as a business combination, whereby all the assets acquired, and liabilities assumed were recognized at fair value on the acquisition date, with any excess of the consideration transferred over the fair value of the net assets acquired recognized as goodwill. Unaudited pro forma results of operations assuming the above acquisition had taken place at the beginning of each period are not provided because the historical operating results and pro forma results would not be materially different from reported results for the periods presented.

The fair values recorded were based on a valuation and the estimates and assumptions used in such valuation are subject to change, within the measurement period (up to one year from the acquisition date). The following table summarizes the fair values of the assets acquired and liabilities assumed at the date of acquisition (in thousands):

Net working capital, excluding deferred revenue	$	155
Customer relationships		940
Developed technology		280
Trade name / trademarks		20
Goodwill		1,651
Assets acquired		3,046
Deferred revenue		(616	)
Net assets acquired	$	2,430

After allocating the purchase price to the assets acquired and liabilities assumed based on their fair values at the date of acquisition, we recorded goodwill of approximately $1.7 million. Goodwill largely consists of expected synergies to be realized from combining operations. The goodwill is deductible for income tax purposes.

The fair values of intangible assets were based on valuations using the income approach. The fair value of intangible assets and their estimated useful lifes are as of June 30, 2021 are as follows (dollars in thousands):

	Useful Life	Gross Amount		Accumulated Amortization		Net Book Value
Customer relationships	8 years	$	940	$	73	$	867
Developed technology	5 years		280		35		245
Trade name trademarks	7 years		20		2		18
		$	1,240	$	110	$	1,130

During the three and six months ended June 30, 2021 we recorded $44 thousand and $88 thousand respectively, of intangible amortization. We expect to record amortization for the years ended December 31 (in thousands):

2021	$	88
2022		176
2023		176
2024		176
2025		169
Thereafter		345
	$	1,130