Airgain, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

The following is a summary of the Company’s acquired intangible assets as of December 31(dollars in thousands):

2019	Weighted average amortization period (years)		Gross carrying amount		Accumulated amortization		Intangibles, net
Customer relationships		10	$	4,830	$	1,720	$	3,110
Developed technologies		9		1,080	$	406		674
Tradename		3		120	$	107		13
Total			$	6,030	$	2,233	$	3,797

2018
Customer relationships		10	$	4,830	$	1,237	$	3,593
Developed technologies		9		1,080		274		806
Tradename		3		120		67		53
Total			$	6,030	$	1,578	$	4,452

Schedule of Estimated Annual Amortization of Intangible Assets

The estimated annual amortization of intangible assets for the next five years and thereafter is shown in the following table (actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, and asset impairments, among other factors) (in thousands):

	Estimated future amortization
2020	$	628
2021		598
2022		563
2023		563
2024		563
Thereafter		882
Total	$	3,797