Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Finite-Lived Intangible Assets, Net [Abstract]

Intangible Assets, Net

NOTE 5. INTANGIBLE ASSETS, NET

Intangible assets are comprised of the following:

	As of December 31,
(in thousands)	2022		2021
Intangible assets with finite lives:
Acquired technology	$	3,201	$	3,201
Customer relationship		1,350		1,350
Non-Competition agreement		939		939
		5,490		5,490
Accumulated amortization:
Acquired technology		968		522
Customer relationship		1,350		1,186
Non-Competition agreement		643		346
		2,961		2,054
Intangible assets, net	$	2,529	$	3,436

Amortization expense for intangible assets was $0.9 million for the year ended December 31, 2022 ($1.8 million and $0.3 million for the years ended December 31, 2021 and 2020, respectively). Amortization related to intangible assets for acquired technology was included in cost of revenues and amortization related to intangible assets for customer relationships was included in sales and marketing expenses in the Company’s consolidated statement of operations for the periods presented.

Future amortization that will be charged to expense over the remaining life of the intangible assets as of December 31, 2022 is as follows:

December 31,	In thousands
2023	$	745
2024		446
2025		446
2026		446
2027 and thereafter		446
	$	2,529