Goodwill and Intangible Assets, Net

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

6. Goodwill and Intangible Assets, Net

During the year ended December 31, 2021, the Company purchased a domain name for $2,202. The purchase of the domain name created an intangible asset with an indefinite life that is not being amortized for book purposes.

There were no changes in the recorded balance of goodwill during the three months ended March 31, 2022. In-process research and development assets were acquired in business combinations, and launched in September 2021. The Company started to amortize the assets in September 2021 using the straight-line method over the estimated useful lives determined as 5 years.

The components of intangible assets and accumulated amortization are as follows:

	As of March 31, 2022
	Weight Average
	Remaining
	Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
Finite-lived intangible assets:
Developed technology	2.7 years	$	13,200	$	(5,946)	$	7,254
Customer relationships	6.8 years		7,410		(1,931)		5,479
Trade name	0.0 years		320		(320)		—
Launched IPR&D assets	4.5 years		960		—		960
Total finite-lived intangible assets		$	21,890	$	(8,197)	$	13,693
Indefinite-lived intangible assets:
Trade name – website domain (forge.com)	Indefinite		2,202		—		2,202
Total indefinite-lived intangible assets			2,202		—		2,202
Total intangible assets		$	24,092	$	(8,197)	$	15,895

	As of December 31, 2021
	Weight Average
	Remaining
	Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
Finite-lived intangible assets:
Developed technology	3.0 years	$	13,200	$	(5,250)	$	7,950
Customer relationships	7.0 years		7,410		(1,696)		5,714
Trade name	0.0 years		320		(320)		—
Launched IPR&D assets	5.0 years		960		—		960
Total finite-lived intangible assets		$	21,890	$	(7,266)	$	14,624
Indefinite-lived intangible assets:
Trade name – website domain (forge.com)	Indefinite		2,202		—		2,202
Total indefinite-lived intangible assets			2,202		—		2,202
Total intangible assets		$	24,092	$	(7,266)	$	16,826

Amortization expense related to finite-lived intangible assets for the three months ended March 31, 2022 and 2021 was $931 and $1,248, respectively, and was included in depreciation and amortization in the accompanying condensed consolidated statements of operations and comprehensive (loss) income.

The table below presents estimated future amortization expense for finite-lived intangible assets as of March 31, 2022:

	Amount
Remainder of 2022	$	2,952
2023		3,936
2024		3,483
2025		823
2026		770
Thereafter		1,729
Total	$	13,693

5. Goodwill and Intangible Assets, Net

During the year of 2021, the Company purchased a domain name for $2,202. The purchase of the domain name created an intangible asset with an indefinite life that is not being amortized for book purposes.

There were no changes in the recorded balance of goodwill during the year ended December 31, 2021. In- process research and development assets were acquired in business combinations, and launched in September 2021. The Company started to amortize the assets in September 2021using the straight-line method over the estimated useful lives determined as 5 years. The components of intangible assets and accumulated amortization are as follows:

The components of intangible assets and accumulated amortization are as follows:

	As of December 31, 2021
	Weight Average		Gross				Net
	Remaining		Carrying		Accumulated		Carrying
	Amortization  Period		Amount		Amortization		Amount
Finite-lived intangible assets:
Developed technology		3.0 years	$	13,200	$	(5,250)	$	7,950
Customer relationships		7.0 years		7,410		(1,696)		5,714
Trade name		0.0 years		320		(320)		—
Launched IPR&D assets.		5.0 years		960		—		960
Total finite-lived intangible assets				21,890		(7,266)		14,624
Indefinite-lived intangible assets:
Trade name – website domain (forge.com)		Indefinite		2,202		—		2,202
Total infinite-lived intangible assets				2,202		—		2,202
Total intangible assets			$	24,092	$	(7,266)	$	16,826

	As of December 31, 2020
	Weight Average		Gross				Net
	Remaining		Carrying		Accumulated		Carrying
	Amortization Period		Amount		Amortization		Amount
Finite-lived intangible assets:
Developed technology		3.6 years	$	13,200	$	(1,673)	$	11,527
Customer relationships		7.9 years		7,410		(759)		6,651
Trade name		0.9 years		320		(46)		274
Total finite-lived intangible assets				20,930		(2,478)		18,452
Indefinite-lived intangible assets:
In-process research and development asset		Indefinite		960		—		960
Total infinite-lived intangible assets				960		—		960
Total finite-lived intangible assets			$	21,890	$	(2,478)	$	19,412

Amortization expense related to finite-lived intangible assets for the years ended December 31, 2021 and 2020 was $4,788 and $2,191, respectively, and was included in depreciation and amortization in the accompanying consolidated statements of operations and comprehensive loss.

The table below presents estimated future amortization expense for definite-lived intangible assets as of December 31, 2021:

	Amount
2022	$	3,915
2023		3,915
2024		3,462
2025		802
2026		802
Thereafter		1,728
Total	$	14,624