Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Changes in the carrying amount of goodwill as of December 31, 2022 and December 31, 2021 are as follows:

	Goodwill
Balance at December 31, 2021	$	1,835
Acquired goodwill	4,451
Balance at December 31, 2022	$	6,286

The Company has no accumulated impairment losses on goodwill during the years ended December 31, 2022 and 2021.

Intangible assets consisted of the following as of December 31, 2022:

	Gross carrying amount		Accumulated amortization		Intangible assets, net		Weighted average amortization period (in years)
Customer relationships	$	3,086	$	(206)	$	2,880	10
Trade name	987		(66)		921		10
Acquired software platform	910		(61)		849		10
Customer lists	190		(42)		148		3
Noncompetition agreement	52		(17)		35		2
Favorable operating lease	699		(117)		582		4
Unfavorable operating lease	(21)		4		(17)		4
Total	$	5903	$	(505)	$	5398

The Company recognized $505 of amortization expense during the year ended December 31, 2022. There was no amortization expense recorded for the year ended December 31, 2021. The Company estimates the future aggregate amortization expense related to its intangible assets as of December 31, 2022 will be as follows:

	Amortization expense
2023	$	757
2024	740
2025	689
2026	555
2027	498
Thereafter	2,159
Total	$	5,398