Goodwill and Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets, net

Schedule of rollforward of goodwill

As of December 31, 2023, the carrying amount of goodwill was $10.4 million. The following is a rollforward of the Company’s goodwill balance (in thousands):

	Year Ended
	December 31, 2023
Balances at beginning of period	$	10,050
Foreign currency impact		317
Balances at end of period	$	10,367

Schedule of intangible assets, net

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

	December 31, 2023
	Cost		Accumulated Amortization		Translation adjustments		Net Book Value
Customer Relationships	$	3,142	$	(580)	$	240	$	2,802
Developed Technology		4,967		(487)		395		4,875
Software		254		(108)		18		164
Trade Name		61		(45)		3		19
	$	8,424	$	(1,220)	$	656	$	7,860

	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):

	Year Ended December 31,
	2023		2022
Product cost of revenue	$	428	$	167
Selling, general and administrative expenses		449		176
	$	877	$	343

Schedule of future amortization expense of intangible assets

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

2024	$	860
2025		841
2026		775
2027		765
2028		765
Thereafter		3,854
	$	7,860