Spire Global, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Intangible Assets

Intangible Assets

12 Months Ended

Dec. 31, 2020

Intangible Assets, Net (Excluding Goodwill) [Abstract]

6.	Intangible Assets

Intangible assets consisted of the following:


	December 31,
	2020			2019
Patents	$	591		$	547
FCC licenses		480			447

		1,071			994
Less: Accumulated amortization		(320	)		(239	)

	$	751		$	755

The patents asset balance as of December 31, 2020 and 2019 includes $284 and $198 of capitalized patent costs, respectively, that will begin amortization upon the issuance of an official patent right to the Company.

As of December 31, 2020, the weighted-average amortization period for patents was 10.2 years and for FCC licenses was 3.1 years. Amortization expense related to intangible assets for the years ended December 31,

2020 and 2019, was $81 and $90, respectively. As of December 31, 2020, the annual amortization of intangible assets for the next five years is as follows:


Years ending December 31,
2021	$	91
2022		73
2023		51
2024		45
2025		41
2026 and thereafter		166

		467
Capitalized patent costs, unissued		284

	$	751