Intangible Assets The following table presents information about the Company's intangible assets as of:
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March 31, 2022 |
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December 31, 2021 |
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Estimated Useful Life |
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Gross
Carrying
Amount
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Accumulated
Amortization
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Net |
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Gross
Carrying
Amount
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Accumulated
Amortization
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Net |
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Exclusive rights to Helijet’s scheduled passenger routes in Canada |
5 years |
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$ |
12,617 |
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$ |
(841) |
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$ |
11,776 |
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$ |
12,357 |
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$ |
(206) |
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$ |
12,151 |
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Customer list |
5-10 years |
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11,542 |
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(1,270) |
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10,272 |
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11,542 |
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(957) |
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10,585 |
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Domain name |
Indefinite |
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504 |
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— |
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504 |
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504 |
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— |
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504 |
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Trademarks |
6-10 years |
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1,006 |
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(93) |
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913 |
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1,006 |
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(51) |
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955 |
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Developed technology |
3 years |
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250 |
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(45) |
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205 |
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250 |
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(24) |
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226 |
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Total |
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$ |
25,919 |
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$ |
(2,249) |
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$ |
23,670 |
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$ |
25,659 |
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$ |
(1,238) |
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$ |
24,421 |
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For the three months ended March 31, 2022 and 2021, amortization of its finite-lived intangible assets was $997 and $47, respectively.
As of March 31, 2022, the estimated amortization expense of its finite-lived intangible assets for each of the next five years are as follows:
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For the Year Ended December 31, |
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2022 (nine months) |
$ |
3,017 |
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2023 |
3,938 |
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2024 |
3,810 |
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2025 |
3,751 |
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2026 |
3,751 |
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