Goodwill and Purchased Intangibles (Tables) |
12 Months Ended |
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Dec. 31, 2021 | |
Goodwill and Intangible Assets [Abstract] | |
Goodwill | The following table presents goodwill and impairment for the years ended December 31, 2021 and 2020: GoodwillDecember 31, 2019$ 496,352Acquired —Impairment —December 31, 2020 496,352Acquired —Impairment (85,169)December 31, 2021$ 411,183 |
Intangible Assets | The following table presents components of identifiable intangible assets for the years ended December 31, 2021 and 2020: December 31, 2021 December 31, 2020 GrossCarryingAmount AccumulatedAmortization Net CarryingAmount WeightedAverageUsefulLife(Years) GrossCarryingAmount AccumulatedAmortization Net CarryingAmount WeightedAverageUsefulLife(Years)Patents and trademarks$ 105,543 $ (47,948) $ 57,595 14 $ 197,528 $ (126,499) $ 71,029 14Customer and merchantrelationships 2,321,112 (1,775,579) 545,533 10 2,321,112 (1,678,727) 642,385 10Trade name 197,955 (165,562) 32,393 10 197,950 (156,506) 41,444 10Acquired technology 621,030 (508,839) 112,191 10 621,030 (492,539) 128,491 10Non-compete agreement 79,300 (50,088) 29,212 2 79,300 (34,228) 45,072 2 $ 3,324,940 $ (2,548,017) $ 776,924 $ 3,416,920 $ (2,488,499) $ 928,421 |
Future Amortization Intangible Assets | Expected future intangible asset amortization as of December 31, 2021 is as follows: Year ending December 31,Amount2022$ 142,9452023 140,4352024 103,8392025 96,0912025 96,091Thereafter 197,523Total$ 776,924 |
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- References No definition available.
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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