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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Components of Gross and Net Intangible Asset

The following table summarizes the components of gross and net of intangible assets carrying amounts (in thousands):

 

 

 

September 30, 2023

 

 

 

 

December 31, 2022

 

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

 

Remaining
Amortization Life

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer relationships

 

$

340

 

 

$

253

 

 

$

87

 

 

3.61 Years

 

$

340

 

 

$

230

 

 

$

110

 

Developed technology

 

 

1,900

 

 

 

475

 

 

 

1,425

 

 

5.37 Years

 

 

1,900

 

 

 

272

 

 

 

1,628

 

Trade names

 

 

300

 

 

 

86

 

 

 

214

 

 

6.42 Years

 

 

300

 

 

 

61

 

 

 

239

 

Patents

 

 

600

 

 

 

600

 

 

 

-

 

 

None

 

 

600

 

 

 

600

 

 

 

-

 

 

 

$

3,140

 

 

$

1,414

 

 

$

1,726

 

 

 

 

$

3,140

 

 

$

1,163

 

 

$

1,977

 

Estimated Future Amortization Expense Estimated future amortization expense for purchased intangible assets is as follows (in thousands):

 

Fiscal Year:

 

 

 

Remainder of 2023 (three months)

 

$

84

 

2024

 

 

335

 

2025

 

 

323

 

2026

 

 

319

 

2027

 

 

319

 

Thereafter

 

 

346

 

Total

 

$

1,726