Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Intangible Assets

v3.21.1
Note 7 - Intangible Assets
3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

7.

Intangible Assets

 

The carrying amount and accumulated amortization of intangible assets consisted of the following (in thousands):

 

 

   

March 31, 2021

   

December 31, 2020

 
   

Gross

Assets

   

Accumulated

Amortization

   

Net

   

Gross

Assets

   

Accumulated

Amortization

   

Net

 

Nonamortizable intangible assets

                                               

Trade names

  $ 2,000     $ -     $ 2,000     $ 2,000     $ -     $ 2,000  

Amortizable intangible assets:

                                               

Trade names

    23       (23 )     -       23       (23 )     -  

Physician and customer relationships

    36,534       (29,518 )     7,016       36,534       (28,924 )     7,610  

Software

    11,230       (10,083 )     1,147       11,230       (9,663 )     1,567  

Acquisition - FilAMed

    1,186       (28 )     1,158       -       -       -  
                                                 

Total nonamortizable and amortizable intangible assets

  $ 50,973     $ (39,652 )   $ 11,321     $ 49,787     $ (38,610 )   $ 11,177  

 

Amortization expense for the three months ended March 31, 2021 was $1.0 million, compared to $1.1 million for the same prior year period, which was recorded in operating expenses. Expected annual amortization expense for the next five years for intangible assets recorded as of March 31, 2021 is as follows (in thousands):

 

                                           

2026 and

         
   

2021

   

2022

   

2023

   

2024

   

2025

   

thereafter

   

Total

 
                                                         

Amortization expense

  $ 3,043     $ 2,221     $ 717     $ 717     $ 537     $ 2,086     $ 9,321