Acquisitions, Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

Schedule of Business Acquisitions, by Acquisition

The total consideration was as follows:

Cash consideration transferred	$	6,025
Fair value of common stock issued(1)	27,566
Total consideration paid	$	33,591

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(1)Total shares issued in connection with the acquisition was 636,994, of which 436,790 were treated as consideration paid at a closing stock price of $63.11 on September 1, 2021 and 200,204 were treated as stock-based compensation that will be expensed over 36 months. See Note 10. Stock-Based Compensation, Restricted Shares for more details.

Schedule of Assets Acquired

The aggregate purchase consideration and estimated fair values of the assets acquired and liabilities assumed at the date of acquisition were as follows:

	Amounts Allocated		Useful Life (in years)
Net tangible assets (including cash acquired)	$	795	N/A
Developed technology	3,300		3
Goodwill	29,496		N/A
Total fair value of net assets acquired	$	33,591

Schedule of Goodwill

Movements in goodwill during the years ended December 31, 2021 and 2020 were as follows:

Balance at January 1, 2020	$	2,674
Balance at December 31, 2020	2,674
Acquisition	29,496
Balance at December 31, 2021	$	32,170

Schedule of Finite-Lived Intangible Assets

ntangible assets, net consisted of the following amounts:

	December 31,
	2021		2020
Asset Type
IP addresses	$	39,906	$	34,270
Developed technology	4,210		910
Total carrying value	$	44,116	$	35,180
Accumulated Amortization
Developed technology	$	(1,201)	$	(531)
Total accumulated amortization	(1,201)		(531)
Total intangible assets, net	$	42,915	$	34,649

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

Amortization expense for the next five years and thereafter, based on valuations and determinations of useful lives, is expected to be as follows:

2022	$	1,176
2023	1,100
2024	733
Thereafter	—
Total estimated future intangible amortization expense	$	3,009