INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

8. INTANGIBLE ASSETS

The components of intangible assets were as follows:

As of December 31, 2023	Gross Carrying		Accumulated		Net Carrying		Weighted Average Remaining
(in thousands)	Amount		Amortization		Amount		Period (Years)
Acquired technology	$	20,172	$	2,940	$	17,232		12
Backlog		26		23		3		-
	$	20,198	$	2,963	$	17,235

As of December 31, 2022	Gross Carrying		Accumulated		Net Carrying		Weighted Average Remaining
(in thousands)	Amount		Amortization		Amount		Period (Years)
Acquired technology	$	951	$	876	$	75		4
	$	951	$	876	$	75

Amortization expense was $2.1 million in 2023, $0.0 million in 2022 and $0.0 million in 2021.

The following table outlines our estimated future amortization expense related to intangible assets held at December 31, 2023 (in thousands):

			Research and
	Cost of		Development
Years Ended December 31,	Revenue		Expense		Total
2024	$	1,548		584	$	2,132
2025		1,548		54		1,602
2026		1,548		25		1,573
2027		1,508		-		1,508
Thereafter		10,420		-		10,420
	$	16,572	$	663	$	17,235