Goodwill and Acquired Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquired Intangible Assets

Goodwill and Acquired Intangible Assets

Goodwill

Changes in goodwill for Fiscal 2022 are as follows (in thousands):

	Amount
Goodwill, beginning of Fiscal 2021	$	901
Acquisition of Nebula	4,446
Adjustment for deferred tax liability	362
Goodwill, end of Fiscal 2021	5,709
Goodwill, end of Fiscal 2022	$	5,709

Intangible Assets, Net

Intangible assets as of December 31, 2022 and 2021 consisted of the following (in thousands):

	December 31, 2022		December 31, 2021		Estimated Useful Life (in years)
Trade names	$	5,550	$	5,550	15
Proprietary intellectual property	4,260		4,260		5
Customer relationships	1,180		1,180		1
CLIA license	1,307		1,307		3
	12,297		12,297
Less: accumulated amortization	(3,822)		(1,445)
Total intangible assets, net	$	8,475	$	10,852

Amortization expense for acquired intangible assets was $2.4 million and $1.4 million during the years ended December 31, 2022 and 2021, respectively. The estimated future amortization expense of acquired intangible assets as of December 31, 2022 is as follows (in thousands):

Year ended December 31, 2023	$	1,585
Year ended December 31, 2024	1,222
Year ended December 31, 2025	1,222
Year ended December 31, 2026	890
Year ended December 31, 2027	370
Thereafter	3,186
	$	8,475