Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.2.2
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Goodwill

The following table summarizes changes in goodwill balance:

 

Balance at December 31, 2020

 

$

-

 

Goodwill related to exactEarth acquisition

 

 

52,986

 

Impact of foreign currency translation

 

 

641

 

Balance at December 31, 2021

 

$

53,627

 
Schedule of Finite-Lived Intangible Assets

Intangible assets consisted of the following:

 

 

 

December 31,

 

 

 

2021

 

 

2020

 

Customer relationships

 

$

24,559

 

 

$

-

 

Developed technology

 

 

13,957

 

 

 

-

 

Trade names

 

 

2,366

 

 

 

-

 

Backlog

 

 

3,268

 

 

 

-

 

Patents

 

 

491

 

 

 

591

 

FCC licenses

 

 

480

 

 

 

480

 

 

 

 

45,121

 

 

 

1,071

 

Less: Accumulated amortization

 

 

(968

)

 

 

(320

)

 

 

$

44,153

 

 

$

751

 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of December 31, 2021, the expected future amortization expense of intangible assets is as follows:

 

Years ending December 31,

 

 

 

2022

 

$

6,747

 

2023

 

 

3,736

 

2024

 

 

3,729

 

2025

 

 

3,728

 

2026

 

 

3,675

 

2027 and thereafter

 

 

22,342

 

 

 

 

43,957

 

Capitalized patent costs, unissued

 

 

196

 

 

 

$

44,153