Annual report pursuant to Section 13 and 15(d)

Intangible assets, net

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Intangible assets, net
12 Months Ended
Dec. 31, 2021
Intangible assets, net  
Intangible assets, net

Note 7 — Intangible assets, net

Intangible assets, net consisted of the following (in thousands):

December 31, 

December 31, 

    

2021

    

2020

Acquired software licenses

$

4,842

$

4,651

Licensed IP rights – completed technology used in R&D

209

211

5,051

4,862

Less accumulated amortization

(4,051)

(3,132)

$

1,000

$

1,730

Amortization expense was $937,000, $967,000, and $838,000 for the years ended December 31, 2021 2020 and 2019 respectively. The estimated aggregate amortization expense expected to be recorded in respect of these assets for each of the five years ended 2026 is $771,000, $222,000, $18,000, $1,000 and $1,000, respectively.