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Intangible Assets, Net
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 6 Intangible Assets, Net

 

The Company’s intangible assets, net consisted of the following (in thousands):

 

 

 

 

 

March 31, 2023

 

 

December 31, 2022

 

 

 

Weighted Average Useful Lives

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Gross Carrying Value

 

Accumulated Amortization

 

Net Book Value

 

Internally developed software

 

3.0 Years

 

$

23,640

 

 

$

(12,683

)

 

$

10,957

 

 

$

21,694

 

$

(11,605

)

$

10,089

 

Domain name

 

15.0 Years

 

 

121

 

 

 

(49

)

 

 

72

 

 

 

121

 

 

(47

)

 

74

 

Intangible assets, net

 

 

 

$

23,761

 

 

$

(12,732

)

 

$

11,029

 

 

$

21,815

 

$

(11,652

)

$

10,163

 

 

The future estimated amortization expenses as of March 31, 2023, were as follows (in thousands):

2023 (remaining)

 

 

 

$

2,646

 

2024

 

 

 

 

4,314

 

2025

 

 

 

 

2,456

 

2026

 

 

 

 

1,571

 

2027

 

 

 

 

8

 

Thereafter

 

 

 

 

34

 

Total future amortization

 

 

 

$

11,029

 

 

Amortization expense for the three months ended March 31, 2023 and 2022, was $1.1 million and $1.0 million, respectively. No impairment charges were recognized related to long-lived assets for the for the three months ended March 31, 2023 and 2022.

Amortization expense related to change in useful life of a certain definite-lived intangible asset for the three months ended March 31, 2023 and 2022, was $0.2 million and $0, respectively.