Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

There were no changes in goodwill during the three months ended March 31, 2024 and 2023.

As of March 31, 2024 intangible assets were classified as follows:

		March 31, 2024
Intangible assets:	Weighted Average Amortization Period (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
		(in thousands)
Developed technology	5	$	800	$	(547)	$	253
Customer relationships	5	90		(77)		13
Non-compete agreements	5	20		(13)		7
Total intangible assets		$	910	$	(637)	$	273

		December 31, 2023
Intangible assets:	Weighted Average Amortization Period (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
		(in thousands)
Developed technology	5	$	2,660	$	(2,367)	$	293
Customer relationships	5	2,416		(2,374)		42
Non-compete agreements	5	179		(172)		7
Total intangible assets		$	5,255	$	(4,913)	$	342

Amortization expense for intangible assets was $0.1 million during each of the three months ended March 31, 2024 and 2023.

As of January 1, 2024, the Company removed the carrying value of $4.3 million of fully amortized intangible assets which at time of removal had nil net book value.

As of March 31, 2024, estimated future amortization expense for the intangible assets reflected above was as follows:

Year Ending December 31,
	Amount
	(in thousands)
Remainder of 2024	$	136
2025	137
Total net carrying value of intangible assets	$	273