Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

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

	As of March 31, 2023
	Gross Book Value		Accumulated Amortization		Net Book Value
General Motors Data Sharing Agreement	$	9,644	$	(5,883)	$	3,761
Internally developed software	16,591		(13,323)		3,268
Total	$	26,235	$	(19,206)	$	7,029

	As of December 31, 2022
	Gross Book Value		Accumulated Amortization		Net Book Value
General Motors Data Sharing Agreement	$	9,376	$	(5,387)	$	3,989
Internally developed software	15,805		(12,457)		3,348
Total	$	25,181	$	(17,844)	$	7,337

The foreign currency exchange difference related to the gross book value of the GM data sharing agreement as of March 31, 2023 compared to December 31, 2022 was $0.3 million which is recognized within Accumulated Other Comprehensive Income in the unaudited Condensed Consolidated Statements of Shareholders' (Deficit) Equity. Amortization expense was $0.3 million and $0.4 million, respectively, for the three months ended March 31, 2023 and 2022.

Amortization for internally developed software was $0.5 million and $0.7 million, respectively, for the three months ended March 31, 2023 and 2022. The Company did not recognize any intangible asset impairment losses for the three months ended March 31, 2023 and 2022.

The estimated aggregate amortization expense, excluding effects of currency exchange rates, for intangible assets subject to amortization for each of the five succeeding fiscal years is as follows (in thousands):

Fiscal Year Ended December 31,
2023 (excluding the three months ended March 31, 2023)	$	2,422
2024	2,757
2025	1,840
2026	10
2027	—
Total	$	7,029