Intangible Assets, Net
12 Months Ended
Dec. 31, 2021
Finite-Lived Intangible Assets, Net [Abstract]  
Intangible Assets, Net
NOTE 7. INTANGIBLE ASSETS, NET
Intangible assets are comprised of the following:
 
   
For the Years Ended December 31,
 
(in thousands)
 
2021
   
2020
 
Intangible assets with finite lives:
               
Acquired technology
  $ 3,201     $ 3,201  
Customer relationship
    1,350       1,350  
Non-Competition
agreement
    939       939  
   
 
 
   
 
 
 
      5,490       5,490  
   
 
 
   
 
 
 
Accumulated amortization:
               
Acquired technology
    522       75  
Customer relationship
    1,186       170  
Non-Competition
agreement
    346       50  
   
 
 
   
 
 
 
      2,054       295  
   
 
 
   
 
 
 
Intangible assets, net
  $ 3,436     $ 5,195  
   
 
 
   
 
 
 
Amortization expense for intangible assets was $1.8 million and $0.3 million for the years ended December 31, 2021 and 2020, respectively. Amortization related to intangible assets for acquired technology was included in cost of revenues and amortization related to intangible assets for customer relationships was included in sales and marketing expenses in the Company’s consolidated statement of operations and comprehensive loss for the periods presented.
Future amortization that will be charged to expense over the remaining life of the intangible assets as of December 31, 2021 is as follows:
 
December 31,   
In thousands
 
2022
   $ 907  
2023
     743  
2024
     446  
2025
     446  
2026 and thereafter
     894  
    
 
 
 
     $ 3,436