Annual report pursuant to Section 13 and 15(d)

Intangible Assets

v3.21.1
Intangible Assets
 12 Months Ended
Jan. 02, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 8:

Intangible assets

Intangible assets as of January 2, 2021 and December 28, 2019 consist of the following:

 

 

 

January 2, 2021

 

 

December 28, 2019

 

Intangible assets GeoTraq

 

$

26,096

 

 

$

26,096

 

Patents and domains

 

 

23

 

 

 

23

 

Computer software

 

 

4,494

 

 

 

4,167

 

 

 

 

30,613

 

 

 

30,286

 

Less accumulated amortization

 

 

(16,624

)

 

 

(12,581

)

 

 

$

13,989

 

 

$

17,705

 

 

The useful life and amortization period of the GeoTraq intangible acquired is seven years. Intangible amortization expense for continuing operations was $4,043 and $3,977 for fiscal years 2020 and 2019, respectively.