Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

8.Goodwill and Intangible Assets

There have been no changes in the carrying amount of goodwill since its recognition in 2015.

Intangible assets subject to amortization as of December 31, 2023 and 2022 consisted of the following (in thousands):

	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquired developed technology	$	20,000	$	(14,970	)	$	5,030
Purchased intellectual property		325		(227	)		98
Balance at December 31, 2023	$	20,325	$	(15,197	)	$	5,128

	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Acquired developed technology	$	20,000	$	(13,304	)	$	6,696
Purchased intellectual property		325		(194	)		131
Balance at December 31, 2022	$	20,325	$	(13,498	)	$	6,827

The developed technology was acquired in connection with our acquisition of Sequenta, Inc. in 2015. The remaining balance of the acquired developed technology and the purchased intellectual property is expected to be amortized over the next 3.0 years.

As of December 31, 2023, expected future amortization expense for intangible assets was as follows (in thousands):

2024	$	1,703
2025		1,699
2026		1,699
2027		27
Total future amortization expense	$	5,128