Goodwill and Intangible Assets

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

NOTE 4. GOODWILL AND INTANGIBLE ASSETS

Goodwill

As of June 30, 2023 and December 31, 2022, goodwill was $25,465.

Intangibles

Intangible assets as of June 30, 2023 are as follows:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademarks and tradenames, indefinite-lived	$	941	$	—	$	941
Patents, definite-lived		7,175		2,508		4,667
Customer relationships		1,733		424		1,309
Developed technology		17,690		2,695		14,995
Other intangibles		30		21		9
Total intangible assets, net	$	27,569	$	5,648	$	21,921

Intangible assets as of December 31, 2022, are as follows:

	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Trademarks, indefinite-lived	$	901	$	—	$	901
Patents, definite-lived		6,671		2,370		4,301
Customer relationships		1,733		279		1,454
Developed technology		17,690		1,973		15,717
Other intangibles		30		16		14
Total intangible assets, net	$	27,025	$	4,638	$	22,387

Amortization expense is included in Selling, general, and administrative expenses and was $508 and $1,079 for the three months ended June 30, 2023 and 2022, respectively. Amortization expense for the six months ended June 30, 2023 and 2022 totaled $1,011 and $1,850, respectively.

Expected future amortization expense is as follows:

2023 (Remaining)	$	1,017
2024		1,978
2025		1,938
2026		1,938
2027		1,938

No impairment charges related to intangibles and goodwill were recorded for the three and six months ended June 30, 2023 and 2022.