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Goodwill and Purchased Intangibles
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Purchased Intangibles

4. Goodwill and Purchased Intangibles

 

Goodwill

 

The carrying value of goodwill at each of June 30, 2023 and December 31, 2022 was $0.

 

The following table presents details of our purchased intangible assets as of June 30, 2023 and December 31, 2022:

 

Intangible assets

 

   Balance at December 31, 2022   Additions   Impairments   Amortization   Fx and Other   Balance at June 30, 2023 
Patents and trademarks  $52,698   $   $   $(2,445)  $1   $50,254 
Customer and merchant relationships   30,690           $(12,276)       18,414 
Trade names   8,050           $(3,221)       4,829 
   $91,438   $   $   $(17,942)  $1   $73,497 

 

The intangible assets are being amortized on a straight-line basis over their estimated useful lives of one year to twenty years.

 

Amortization expense for intangible assets was $17,942 and $71,478 for the six months ended June 30, 2023 and 2022, respectively, and is included in depreciation and amortization on the accompanying unaudited condensed consolidated statements of operations and comprehensive loss.

 

Amortization expense for intangible assets was $8,972 and $32,590 for the three months ended June 30, 2023 and 2022, respectively.

 

The estimated future amortization expense of our intangible assets as of June 30, 2023 is as follows:

 

Year ending December 31,   Amount 
2023   $17,942 
2024    12,639 
2025    4,891 
2026    4,891 
2027    4,891 
Thereafter    28,243 
Total   $73,497