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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
The following table summarizes the changes in the carrying amount of goodwill:
December 31,
20212020
Beginning balance
$76,039 $
Goodwill arising from business combination
76,039 
Goodwill impairment$(76,039)
Ending balance
$$76,039 
Finite-lived intangible assets
Amortization is calculated on the straight-line basis over the following estimated useful lives of the assets:
Customer Relationships
10 years
Software
3-5 years
Patents
15-20 years
Tradenames
10 years
Details of the Company’s intangible assets subject to amortization and indefinite-lived intangible assets and their respective carrying amounts are as follows:
As of December 31, 2021

Weighted-Average Remaining Useful Life (in years)
Gross
Accumulated AmortizationNet
Definite-lived intangibles assets(1):

Software
1.67$3,993 $(2,342)$1,651 
Patents
18.37352 (24)328 
Internal use software in process
714 — 714 
Indefinite lived intangible assets:
Internet domain name
150 — 150 
Total$5,209 $(2,366)$2,843 
(1) The factors listed above representing a goodwill triggering event also indicated a triggering event for the Company's customer relationships and trade name intangible assets acquired with the acquisition of Abacus.
The Company performed a quantitative analysis as of December 31, 2021 to determine if impairment existed by comparing the carrying amount of each asset to the future undiscounted cash flows the asset is expected to generate over their remaining lives. This analysis resulted in full impairment of the customer relationships and trade name intangible assets acquired and total an impairment loss of $19,750 was recorded in goodwill and asset impairments charges on the consolidated statements of operations and comprehensive loss for the year ended December 31, 2021.
As of December 31, 2020

Weighted-Average Remaining Useful Life (in years)
Gross
Accumulated AmortizationNet
Definite-lived intangibles assets:

Software
2.49$3,789 $(1,156)$2,633 
Customer relationships
9.4422,700 (1,269)21,431 
Trade names
9.44700 (39)661 
Patents
18.66201 (8)193 
Internal use software in process
308 — 308 
Indefinite lived intangible assets:
Internet domain name
150 — 150 
Total$27,848 $(2,472)$25,376 
Indefinite-lived intangible assets
Details of the Company’s intangible assets subject to amortization and indefinite-lived intangible assets and their respective carrying amounts are as follows:
As of December 31, 2021

Weighted-Average Remaining Useful Life (in years)
Gross
Accumulated AmortizationNet
Definite-lived intangibles assets(1):

Software
1.67$3,993 $(2,342)$1,651 
Patents
18.37352 (24)328 
Internal use software in process
714 — 714 
Indefinite lived intangible assets:
Internet domain name
150 — 150 
Total$5,209 $(2,366)$2,843 
(1) The factors listed above representing a goodwill triggering event also indicated a triggering event for the Company's customer relationships and trade name intangible assets acquired with the acquisition of Abacus.
The Company performed a quantitative analysis as of December 31, 2021 to determine if impairment existed by comparing the carrying amount of each asset to the future undiscounted cash flows the asset is expected to generate over their remaining lives. This analysis resulted in full impairment of the customer relationships and trade name intangible assets acquired and total an impairment loss of $19,750 was recorded in goodwill and asset impairments charges on the consolidated statements of operations and comprehensive loss for the year ended December 31, 2021.
As of December 31, 2020

Weighted-Average Remaining Useful Life (in years)
Gross
Accumulated AmortizationNet
Definite-lived intangibles assets:

Software
2.49$3,789 $(1,156)$2,633 
Customer relationships
9.4422,700 (1,269)21,431 
Trade names
9.44700 (39)661 
Patents
18.66201 (8)193 
Internal use software in process
308 — 308 
Indefinite lived intangible assets:
Internet domain name
150 — 150 
Total$27,848 $(2,472)$25,376 
Expected amortization of intangible assets
As of December 31, 2021, expected amortization of intangible assets is as follows:
Year Ending December 31:
2022$1,065
2023606
202435
202518
202618
Thereafter
237
Total future amortization
$1,979