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Acquisition, Intangible Assets and Goodwill (Tables)
9 Months Ended
Sep. 30, 2019
Business Combinations [Abstract]  
Summary of Aggregate Purchase Consideration and Estimated Fair Values of Assets Acquired and Liabilities

The aggregate purchase consideration and estimated fair values of the assets acquired and liabilities assumed at the date of acquisition were as follows (in thousands):

 

 

 

Fair Value

 

Fair value of net assets acquired:

 

 

 

 

Net tangible assets (liabilities)

 

$

(536

)

Developed technology

 

 

825

 

Goodwill

 

 

1,334

 

Total fair value of net assets acquired

 

$

1,623

 

Schedule of Intangibles, Net

Intangibles, net consisted of the following (in thousands):

 

 

 

As of September 30, 2019

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Amortization

Period

Developed technology

 

$

2,125

 

 

$

(1,366

)

 

$

759

 

 

2-3 years

 

 

 

December 31, 2018

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

Amortization

Period

Developed technology

 

$

2,125

 

 

$

(837

)

 

$

1,288

 

 

2-3 years

Customer relationships

 

 

20

 

 

 

(20

)

 

 

 

 

1 year

Total

 

$

2,145

 

 

$

(857

)

 

$

1,288

 

 

 

Schedule of Future Amortization Expense

As of September 30, 2019, future amortization expense by year is expected to be as follows (in thousands):

 

 

 

Amount

 

Remainder of 2019

 

$

179

 

2020

 

 

378

 

2021

 

 

202

 

Total

 

$

759