Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill and intangible assets during 2021 are as follows:

	Goodwill			Intangible Assets
Balance at December 31, 2020	$	16,226		$	5,694
Change in value based on correction of purchase    price calculation and allocation		(2,222	)		(340	)
Amortization		-			(155	)
Foreign currency exchange rate changes		5			2
Balance at March 31, 2021	$	14,009		$	5,201

The following table presents a summary of acquired intangible assets:

	As of March 31, 2021
	Weighted Average Amortization Period in Years		Gross Carrying Amount		Accumulated Amortization
Customer relationships		10.00	$	2,420	$	(91	)
Developed technology		10.00		2,400		(90	)
Customer agreements		3.83		456		(241	)
Trade name / marks		10.00		360		(13	)
Total identifiable intangible assets		9.50	$	5,636	$	(435	)

The Company recognized $0.1 million of amortization expense within sales and marketing expenses related to the intangible assets during the three months ended March 31, 2021 and 2020. The Company also recognized less than $0.1 million of amortization expense within general and administrative expenses related to intangible assets during the three months ended March 31, 2021 with no such amounts being recorded within general and administrative expenses during the three months ended March 31, 2020.