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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Goodwill consisted of the following:
Balance as of December 31, 2022$— 
Goodwill from acquisition of Power Finance, Inc.
123,000 
Measurement period adjustments
523 
Balance as of December 31, 2023
$123,523 
There were no changes to goodwill during the year ended December 31, 2024.
Intangibles Assets, net
Intangible assets consisted of the following as of the dates presented:
December 31,
2024
December 31,
2023
Developed technology
$41,000 $41,000 
Accumulated amortization
(11,226)(5,369)
   Intangibles, net
$29,774 $35,631 
The amortization period for developed technology intangible assets is 7 years. Amortization expense for developed technology was $5.9 million for the years ended December 31, 2024 and 2023.
Expected future amortization expense for intangible assets was as follows as of December 31, 2024:
2025
$5,857 
2026
5,857 
2027
5,857 
2028
5,857 
2029
5,857 
Thereafter489 
Total expected future amortization expense for intangible assets
$29,774