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Intangible Assets, Net
6 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

5. Intangible Assets, Net

The balances of intangibles assets and accumulated amortization are as follows:

 

 

 

As of June 30, 2021

 

 

 

Remaining

Weighted

Average

Useful Life

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

 

(in years)

 

 

(in thousands)

 

Developed technology

 

 

1.6

 

 

$

4,927

 

 

$

(3,819

)

 

$

1,108

 

Customer relationships

 

 

2.6

 

 

 

2,300

 

 

 

(1,451

)

 

 

849

 

Trademarks/tradenames

 

 

4.0

 

 

 

1,400

 

 

 

(957

)

 

 

443

 

Total

 

 

 

 

 

$

8,627

 

 

$

(6,227

)

 

$

2,400

 

 

 

 

As of December 31, 2020

 

 

 

Remaining

Weighted

Average

Useful Life

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

 

 

(in years)

 

 

(in thousands)

 

Developed technology

 

 

2.1

 

 

$

4,927

 

 

$

(3,469

)

 

$

1,458

 

Customer relationships

 

 

3.1

 

 

 

2,300

 

 

 

(1,287

)

 

 

1,013

 

Trademarks/tradenames

 

 

4.2

 

 

 

1,400

 

 

 

(856

)

 

 

544

 

Total

 

 

 

 

 

$

8,627

 

 

$

(5,612

)

 

$

3,015

 

 

Amortization recorded in the condensed consolidated statements of operations was as follows:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

 

(in thousands)

 

Platform operations

 

$

175

 

 

$

175

 

 

$

350

 

 

$

350

 

Sales and marketing

 

 

 

 

 

 

 

 

 

 

 

 

Technology and development

 

 

 

 

 

 

 

 

 

 

 

 

General and administrative

 

 

132

 

 

 

132

 

 

 

264

 

 

 

264

 

Total

 

$

307

 

 

$

307

 

 

$

614

 

 

$

614

 

 

Estimated future amortization of intangible assets as of June 30, 2021 is as follows:

 

 

 

As of June 30, 2021

 

Year

 

(in thousands)

 

Remainder of 2021

 

$

615

 

2022

 

 

1,119

 

2023

 

 

467

 

2024

 

 

107

 

2025

 

 

80

 

Thereafter

 

 

12

 

Total

 

$

2,400