Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets, Net

6.Intangible Assets, net

Identifiable intangible assets, net consist of the following:

	As of March 31,							As of December 31,
	2023							2022
(in thousands)	Cost		Accumulated Amortization			Net Book Value		Cost		Accumulated Amortization			Net Book Value
Internal-Use Software	$	5,827	$	(2,479	)	$	3,348	$	5,827	$	(1,993	)	$	3,834
Total identifiable intangible assets	$	5,827	$	(2,479	)	$	3,348	$	5,827	$	(1,993	)	$	3,834

Amortization expense amounted to $0.5 million and $0.3 million for the three months ended March 31, 2023 and 2022, respectively.

As of March 31, 2023, estimated annual amortization expense for each of the next five fiscal years is as follows:

Fiscal Years Ending December 31,
(in thousands)
2023 (remaining)		1,459
2024		1,516
2025		373
2026		—
2027		—
Total	$	3,348