INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET

Table 8.1: Details of Intangible Assets, Net
		June 30, 2024						December 31, 2023
	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Gross Carrying Amount		Accumulated Amortization		Net Carrying Value
	(in years)	(in thousands)
Acquired technology	8	$	3,630	$	(1,324)	$	2,306	$	3,630	$	(1,097)	$	2,533
Customer relationship	3	40		(39)		1		40		(32)		8
Software development costs	2 - 5	38,648		(17,061)		21,587		35,312		(12,256)		23,056
Subtotal		42,318		(18,424)		23,894		38,982		(13,385)		25,597
In-process software development costs (1)		16,824		—		16,824		14,019		—		14,019
Total		$	59,142	$	(18,424)	$	40,718	$	53,001	$	(13,385)	$	39,616

(1) In-process software development costs are costs for software that is not yet available for its intended use or general release to customers as of balance sheet date, thus not yet amortized.

Table 8.2: Amortization Expense
	For the Three Months Ended				For the Six Months Ended
	June 30, 2024		June 30, 2023		June 30, 2024		June 30, 2023
	(in thousands)
Amortization expense related to:
Software development costs – cost of sales (1)	$	1,949	$	—	$	3,107	$	—
Software development costs – research and development	860		558		1,697		861
Other intangible assets – general and administrative	117		117		234		234
Total	$	2,926	$	675	$	5,038	$	1,095

(1) Amortization expense for software development costs related to assets to be sold, leased, or otherwise marketed is charged under cost of sales on the unaudited consolidated statements of operations.