Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.20.2
Intangible Assets
 6 Months Ended
Jun. 27, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 8: Intangible Assets

Intangible assets as of June 27, 2020 and December 28, 2019 consist of the following:

 

 

 

June 27,

2020

 

 

December 28,

2019

 

Intangible assets GeoTraq, net

 

$

26,096

 

 

$

26,096

 

Patent and domains

 

 

23

 

 

 

23

 

Computer software

 

 

4,281

 

 

 

4,167

 

Intangible assets

 

 

30,400

 

 

 

30,286

 

Less accumulated amortization

 

 

(14,584

)

 

 

(12,581

)

Total intangible assets

 

$

15,816

 

 

$

17,705

 

 

The useful life and amortization period of the GeoTraq intangible acquired is seven years from the acquisition date of August 18, 2017. Intangible amortization expense was $1,005 and $933 for the 13 weeks ended June 27, 2020 and June 29, 2019, respectively. Intangible amortization expense was $2,003 and $1,866 for the 26 weeks ended June 27, 2020 and June 29, 2019, respectively.