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Intangible Assets
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. Intangible Assets

 

The following provides a breakdown of identifiable intangible assets as of September 30, 2022 and December 31, 2021 ($ in thousands):

 

   September 30,   December 31, 
   2022   2021 
Product/Technology Related          
Identifiable intangible assets, gross  $31   $31 
Accumulated amortization   (24)   (16)
Product/Technology related identifiable intangible assets, net   7    15 
Marketing Related          
Customer related intangible asset, gross   17    17 
Tradename related intangible asset, gross   7    7 
Accumulated amortization   (8)   (6)
Marketing related identifiable intangible assets, net   16    18 
Total identifiable intangible assets, net  $23   $33 

 

In connection with the acquisition of Sport Defense in 2020, the Company identified intangible assets of $55 thousand representing technology related and customer related intangibles. These assets are being amortized on a straight-line basis over their weighted average estimated useful life of 3.7 years and amortization expense amounted to $10 thousand for each of the nine months periods ended September 30, 2022 and 2021.

 

As of September 30, 2022, the estimated annual amortization expense for each of the next five fiscal years is as follows ($ in thousands):

  

         
2022 (reminder of the year)   $ 4  
2023     8  
2024     2  
2025     2  
2026     2  
Thereafter     5  
Total   $ 23