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GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill

The Company recorded goodwill of $2,131 on October 29, 2021 in connection with the Karani Acquisition and goodwill of $2,088 in connection with the Coit Acquisition. (see Note 5 for further information).

Intangible Assets
The Company’s intangible assets consisted of the following components:

March 31, 2022Weighted Average Remaining Amortization Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-compete agreements0.5$80 $(60)$20 
Trade name8.01,500 (166)1,334 
Customer lists5.03,800 (494)3,306 
Developed technology
2.6640 (89)551 
$6,020 $(809)$5,211 

December 31, 2021Weighted Average Remaining Amortization Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-compete agreements0.8$80 $(50)$30 
Trade name8.21,500 (118)1,382 
Customer lists5.33,800 (328)3,472 
Developed technology
2.8640 (36)604 
$6,020 $(532)$5,488 
Amortization expense for the three months ended March 31, 2022 and 2021 was $277 and $80, respectively. Intangible assets are amortized on a straight-line basis over their estimated useful lives. No impairment in the value of amortizable intangible assets was recognized during three months ended March 31, 2022 and 2021.
Estimated future amortization expense for intangible assets for the remainder of the fiscal year ending December 31, 2022, and for each of the next fiscal years are as follows:

2022$823 
20231,070 
20241,034 
2025787 
2026577 
Thereafter920 
$5,211 

The change in the book value of amortizable intangible assets is as follows:

January 1, 2022
Beginning Balance
Amortization
March 31, 2022
Ending Balance
Non-compete agreements$30 $(10)$20 
Trade name1,382 (48)1,334 
Customer lists3,472 (166)3,306 
Developed technology
604 (53)551 
$5,488 $(277)$5,211