Resonant Inc. Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS, NET, AND GOODWILL (Tables)

12 Months Ended

Dec. 31, 2019

Intangible assets, net, consists of the following as of December 31, 2019 and 2018:



	2019			2018
Cost:
Patents	$	1,801,000		$	1,507,000
Domain name	22,000			22,000
Client Base ⁽¹⁾	144,000			142,000
Trademark ⁽¹⁾	18,000			17,000
Backlog ⁽¹⁾	13,000			13,000
Technology	77,000			77,000
	2,075,000			1,778,000
Less: Accumulated amortization	(499,000		)	(404,000		)
Intangible assets, net	$	1,576,000		$	1,374,000


(1)	Includes the impact of foreign currency translation. The total impact at December 31, 2018 was $1,000 and there was no impact at December 31, 2019.

The following table summarizes the estimated amortization expense relating to the intangible assets as of December 31, 2019:

The following table summarizes goodwill arising from the acquisition of GVR Trade:



	Goodwill
Balance at January 1, 2018	$	824,000
Effect of currency translation	(7,000		)
Balance at December 31, 2018	$	817,000
Effect of currency translation	14,000
Balance at December 31, 2019	$	831,000