Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

During the year ended December 31, 2021, the Company purchased a domain name for $2.2 million. 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, 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 (in thousands):


	As of December 31, 2022
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Finite-lived intangible assets:
Developed technology	1.8 years	$	13,200	$	(8,035)	$	5,165
Customer relationships	6.1 years	$	7,507	$	(2,677)	$	4,830
Trade name	0.0 years	$	320	$	(320)	$	—
Launched IPR&D assets	3.7 years	$	960	$	(240)	$	720
Total finite-lived intangible assets		$	21,987	$	(11,272)	$	10,715
Indefinite-lived intangible assets:
Trade name - website domain	Indefinite	$	2,224	$	—	$	2,224
Total infinite-lived intangible assets		$	2,224	$	—	$	2,224
Total intangible assets		$	24,211	$	(11,272)	$	12,939


	As of December 31, 2021
	Weighted Average Remaining Amortization Period	Gross Carrying Amount		Accumulated Amortization		Net Carrying 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	Indefinite	$	2,202	$	—	$	2,202
Total infinite-lived intangible assets		$	2,202	$	—	$	2,202
Total intangible assets		$	24,092	$	(7,266)	$	16,826

Amortization expense related to finite-lived intangible assets was included in depreciation and amortization in the accompanying consolidated statements of operations for the years ended December 31, 2022, 2021, and 2020. Amortization expense related to finite-lived intangible assets for the years ended December 31, 2022, 2021, and 2020 was $4.0 million, $4.8 million, and $2.2 million, respectively.

The table below presents estimated future amortization expense for finite-lived intangible assets as of December 31, 2022 (in thousands):


	Amount

2023	$	3,968
2024	$	3,462
2025	$	802
2026	$	754
2027	$	610
Thereafter	$	1,119
Total	$	10,715