Goodwill and Intangible Assets, net (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets, net

Schedule of rollforward of goodwill

As of March 31, 2023, the carrying amount of goodwill was $10.2 million. The following is a rollforward of the Company’s goodwill balance (in thousands):

	Three Months Ended March 31,
	2023
Balances at beginning of period	$	10,050
Foreign currency impact		171
Balances at end of period	$	10,221

Schedule of intangible assets, net

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

	March 31, 2023
	Cost		Accumulated Amortization		Translation adjustments		Net Book Value
Customer Relationships	$	3,142	$	(267)	$	203	$	3,078
Developed Technology		4,967		(224)		328		5,071
Software		254		(49)		14		219
Trade Name		61		(21)		4		44
	$	8,424	$	(561)	$	549	$	8,412

	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 condensed consolidated statements of operations (in thousands):

	Three Months Ended
	March 31, 2023
Product cost of revenue	$	106
Selling, general and administrative expenses		112
	$	218

Schedule of future amortization expense of intangible assets

Estimated future amortization expense for the intangible assets as of March 31, 2023 are as following (in thousands):

2023	$	653
2024		857
2025		838
2026		772
2027		762
Thereafter		4,530
	$	8,412