Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 7—Goodwill and Intangible Assets

The table below summarizes goodwill and intangible assets activities as of June 30, 2020 and December 31, 2019 (in thousands):

	Goodwill		Intangible Assets
Balance at December 31, 2019	$	12,026	$	4,110
Amortization expense		—		(220	)
Balance at June 30, 2020 (unaudited)	$	12,026	$	3,890

	Estimated Useful Life (in years)	Weighted Average Remaining Life (in years)	Intangible Assets		Accumulated Amortization			June 30, 2020
								(unaudited)
Developed technology	10	9.1	$	4,200	$	(390	)	$	3,810
Trademarks and trade names	0.5	—		60		(60	)		—
Customer-related intangible	5	4		100		(20	)		80
Total			$	4,360	$	(470	)	$	3,890

	Estimated Useful Life (in years)		Weighted Average Remaining Life (in years)		Intangible Assets		Accumulated Amortization			December 31, 2019
Developed technology		10		9.5	$	3,600	$	(180	)	$	3,420
In-process technology		indefinite				600		—			600
Trademarks and trade names		0.5		—		60		(60	)		—
Customer-related intangible		5		4.5		100		(10	)		90
Total					$	4,360	$	(250	)	$	4,110

Acquired in-process technology was classified as an indefinite-lived intangible asset until the receipt of FDA approval for the technology in January 2020. Once the FDA approval was received, the in-process technology was classified as a finite-lived intangible and amortization for in-process technology began. The Company recorded $0.1 million and $0.2 million of amortization expense related to the above intangible assets for the three and six months ended June 30, 2020, respectively. There was no amortization expense related to the above intangible assets for the three and six months ended June 30, 2019.

The following table shows the remaining amortization expense associated with amortizable intangible assets as of June 30, 2020 (in thousands):

	Developed Technology		Customer-Related Intangible		Total Amortization
Six months ending December 31, 2020	$	210	$	10	$	220
Year ending December 31, 2021		420		20		440
Year ending December 31, 2022		420		20		440
Year ending December 31, 2023		420		20		440
Year ending December 31, 2024		420		10		430
Thereafter		1,920		—		1,920
Total	$	3,810	$	80	$	3,890