Goodwill and Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets, net

Schedule of rollforward of goodwill

As of December 31, 2022, the carrying amount of goodwill was $10.1 million. The following is a rollforward of the Company’s goodwill balance (in thousands):

	Year Ended December 31,
	2022
Balances at beginning of period	$	—
Goodwill acquired		9,566
Foreign currency impact		484
Balances at end of period	$	10,050

Schedule of intangible assets, net

Intangible assets, net consists of the following (in thousands):

	December 31, 2022
	Cost		Accumulated Amortization		Translation adjustments		Net Book Value
Customer Relationships	$	3,142	$	(163)	$	150	$	3,129
Developed Technology		4,967		(137)		243		5,073
Software		254		(30)		11		235
Trade Name		61		(13)		3		51
	$	8,424	$	(343)	$	407	$	8,488

Schedule of amortization expense for intangible assets

Amortization expense for intangible assets was recorded in the following expense categories of its consolidated statements of operations (in thousands):

	December 31,
	2022		2021
Product and service cost of revenue	$	167	$	—
Selling, general and administrative expenses		176		—
	$	343	$	—

Schedule of future amortization expense of intangible assets

Estimated future amortization expense for the intangible assets as of December 31, 2022 are as following (in thousands):

2023	$	859
2024		846
2025		827
2026		761
2027		752
Thereafter		4,443
	$	8,488