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GOODWILL AND INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill

The Company recorded goodwill of $687 on August 19, 2022 in connection with the HnB Acquisition (See Note 6 for further information on the HnB Acquisition ).

For the three months ended March 31, 2023 and the twelve months ended December 31, 2022, the changes in carrying amount of goodwill were as follows:

Carrying Value
2023
Goodwill, January 1$4,875 
Acquisition— 
Currency translation
Goodwill, March 31
$4,879 

Carrying Value
2022
Goodwill, January 1$4,219 
Acquisition687 
Currency translation(31)
Goodwill, December 31
$4,875 

Intangible Assets
The Company’s intangible assets consisted of the following components:

March 31, 2023Weighted Average Remaining Amortization Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-compete agreements0.8$118 $(88)$30 
Trade name6.91,548 (362)1,186 
Customer lists4.03,858 (1,174)2,684 
Developed technology
1.6656 (303)353 
$6,180 $(1,927)$4,253 
December 31, 2022Weighted Average Remaining Amortization Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-compete agreements0.9$118 $(85)$33 
Trade name7.11,548 (312)1,236 
Customer lists4.33,857 (1,001)2,856 
Developed technology
1.8640 (249)391 
$6,163 $(1,647)$4,516 
Amortization expense for the three months ended March 31, 2023 and 2022 was $280 and $277, respectively. Intangible assets are amortized on a straight-line basis over their estimated useful lives. No impairment in the value of amortizable intangible assets was recognized during three months ended March 31, 2023 and 2022.

Estimated future amortization expense for intangible assets for the remainder of the fiscal year ending December 31, 2023, and for each of the next fiscal years are as follows:

2023$838 
20241,082 
2025822 
2026586 
2027505 
Thereafter420 
$4,253 

The change in the book value of amortizable intangible assets is as follows:

January 1, 2023
Beginning Balance
AcquisitionAmortizationTranslation and Other
March 31, 2023
Ending Balance
Non-compete agreements$33 $— $(3)$— $30 
Trade name1,236 — (50)— 1,186 
Customer lists2,856 — (172)— 2,684 
Developed technology
391 — (55)17 353 
$4,516 $— $(280)$17 $4,253