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INTANGIBLE ASSETS, NET
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
Table 8.1: Details of Intangible Assets, Net
September 30, 2023
December 31, 2022
Estimated Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying ValueGross Carrying AmountAccumulated AmortizationNet Carrying Value
(in years)(in thousands)
Acquired technology8$3,630 $(983)$2,647 $3,630 $(643)$2,987 
Customer relationship340 (29)11 40 (19)21 
Software development costs (1)
2 - 5
46,729 (10,403)36,326 35,080 (7,793)27,287 
Subtotal50,399 (11,415)38,984 38,750 (8,455)30,295 
Software held for resale (2)
— — — 7,120 — 7,120 
Total$50,399 $(11,415)$38,984 $45,870 $(8,455)$37,415 
(1) An impairment charge of $0.3 million was recorded against software development costs in the third quarter of 2023 related to the write-off of a certain software project.
(2) This amount is net of $0.6 million charged into cost for sales for the period ended December 31, 2022. See Note 10 – Debt and Other Obligations for related details.
The Company evaluates its intangible assets for potential impairment whenever there is evidence that events or changes in circumstances indicate that the carrying value may not be recoverable. As a result of the interim assessment, the Company identified conditions demonstrating an impairment of certain software development costs. An impairment charge of $0.3 million was recorded under "Research and Development" expenses in the Company's unaudited consolidated statements of operations for the three and nine months ended September 30, 2023. No similar impairment charges were recorded during the three and nine months ended September 30, 2022.
No impairment charges were recorded on other intangible assets during the three and nine months ended September 30, 2023, and 2022.
Table 8.2: Amortization Expense
For the Three Months EndedFor the Nine Months Ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
(in thousands)
Amortization expense related to:
Software development costs - cost of sales (1)
$1,767 $— $1,767 $— 
Software development costs - research and development(19)354 843 1,034 
Other intangible assets - general and administrative117 117 350 284 
Total$1,865 $471 $2,960 $1,318 
(1) Amortization expense for software development costs related to assets to be sold, leased, or otherwise marketed are charged under cost of sales on the unaudited consolidated statements of operations.