Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The Company’s goodwill balance of $12.4 million as of December 31, 2022 and 2021, was recorded as part of the Company’s February 2017 acquisition of Adelphic. The goodwill balance was determined based on the excess of the purchase price over the fair value of the identifiable net assets acquired and represents its future revenue and earnings potential and certain other assets acquired that do not meet the recognition criteria, such as assembled workforce.

Goodwill is tested for impairment at least annually as of the first day of the fourth fiscal quarter, or more frequently if indicators of impairment exist during the fiscal year. Refer to Note 2—Basis of Presentation and Summary of Significant Accounting Policies for additional information. The Company performed an impairment test of its goodwill as of the first day of the fourth fiscal quarter in accordance with the policy. The results of this test indicated that the Company’s goodwill was not impaired. No goodwill impairment was recorded for the years ended December 31, 2022, 2021 or 2020. As of December 31, 2022, there is no accumulated goodwill impairment loss.

Intangible assets primarily consist of acquired developed technology, customer relationships, trade names and trademarks resulting from business combinations and acquired patent intangible assets, which are recorded at acquisition-date fair value, less accumulated amortization. The Company determines the appropriate useful life of its intangible assets by performing an analysis of expected cash flows of the acquired assets. Intangible assets are amortized over their estimated useful lives using a straight-line method, which approximates the pattern in which the economic benefits are consumed. No impairment was recorded for intangible assets or other long-lived assets during the years ended December 31, 2022, 2021 or 2020.

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


	As of December 31, 2022
	Remaining Weighted- Average Useful Life (years)	Gross Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	0.1	$	4,927	$	(4,869)	$	58
Customer relationships	1.1	2,300		(1,944)		356
Trademarks/tradenames	3.2	1,400		(1,147)		253
Total		$	8,627	$	(7,960)	$	667


	As of December 31, 2021
	Remaining Weighted- Average Useful Life (years)	Gross Amount		Accumulated Amortization		Net Carrying Amount
Developed technology	1.1	$	4,927	$	(4,169)	$	758
Customer relationships	2.1	2,300		(1,615)		685
Trademarks/tradenames	4.0	1,400		(1,057)		343
Total		$	8,627	$	(6,841)	$	1,786

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


	Year Ended December 31,
	2022		2021		2020
Platform operations	$	700	$	700	$	700
Sales and marketing	—		—		—
Technology and development	—		—		—
General and administrative	419		529		529
Total	$	1,119	$	1,229	$	1,229

Estimated future amortization of intangible assets as of December 31, 2022 is as follows:


	As of December 31,
Year	2022
2023	$	467
2024	107
2025	80
2026	13
2027	—
Thereafter	—
Total	$	667