Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.21.2
Intangible Assets
 6 Months Ended
Jul. 03, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 8: Intangible Assets

Intangible assets as of July 3, 2021 and January 2, 2021 consist of the following:

 

 

 

July 3,
2021

 

 

January 2,
2021

 

Intangible assets GeoTraq, net

 

$

26,096

 

 

$

26,096

 

Patent and domains

 

 

23

 

 

 

23

 

Computer software

 

 

4,559

 

 

 

4,494

 

Intangible assets

 

 

30,678

 

 

 

30,613

 

Less accumulated amortization

 

 

(18,635

)

 

 

(16,624

)

Total intangible assets

 

$

12,043

 

 

$

13,989

 

 

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 $1,004 and $1,005 for the 13 weeks ended July 3, 2021 and June 27, 2020, respectively. Intangible amortization expense was $2,011 and $2,003 for the 26 weeks ended July 3, 2021 and June 27, 2020, respectively.