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GOODWILL AND INTANGIBLE ASSETS
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill

The Company recorded goodwill of $687 on August 19, 2022 in connection with the HnB Acquisition, $2,131 on October 29, 2021 in connection with the Karani Acquisition, and $2,088 in connection with the acquisition of Coit Staffing Inc. on October 1, 2020. (See Note 5 for further information on the HnB Acquisition and the Karani Acquisition).

For the nine months ended September 30, 2022 and the twelve months ended December 31, 2021, the changes in carrying amount of goodwill were as follows:

Carrying Value
2022
Goodwill, January 1,$4,219 
Acquisition687 
Currency translation(22)
Goodwill, September 30,
$4,884 

Carrying Value
2021
Goodwill, January 1,$2,088 
Acquisition2,131 
Currency translation— 
Goodwill, December 31, 2021
$4,219 
Intangible Assets
The Company’s intangible assets consisted of the following components:

September 30, 2022Weighted Average Remaining Amortization Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-compete agreements1.0$119 $(82)$37 
Trade name7.41,548 (261)1,287 
Customer lists4.53,858 (830)3,028 
Developed technology
2.1640 (196)444 
$6,165 $(1,369)$4,796 

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 and nine months ended September 30, 2022 was $282 and $837, 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 nine months ended September 30, 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$278 
20231,112 
20241,076 
2025817 
2026586 
Thereafter927 
$4,796 

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

January 1, 2022
Beginning Balance
AcquisitionAmortizationTranslation and Other
September 30, 2022
Ending Balance
Non-compete agreements$30 $40 $(32)$(1)$37 
Trade name1,382 50 (144)(1)1,287 
Customer lists3,472 60 (501)(3)3,028 
Developed technology
604 — (160)— 444 
$5,488 $150 $(837)$(5)$4,796