Goodwill and Other Identifiable Intangible Assets (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of Changes in Carrying Amount of Goodwill |
The changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 were as follows:
|
|
|
|
|
|
|
|
|
Balance as of December 31, 2022 |
|
$ |
32,852 |
|
Translation adjustment |
|
|
344 |
|
Impairment charge |
|
|
(32,894 |
) |
Acquisition |
|
|
9,755 |
|
Balance as of December 31, 2023 |
|
|
10,057 |
|
Translation adjustment |
|
|
(592 |
) |
Balance as of December 31, 2024 |
|
$ |
9,465 |
|
|
| Schedule of Amortization Expense for Intangible Assets |
Amortization expense for intangible assets for the years ended December 31, 2024, 2023 and 2022 was as follows:
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
Years ended December 31, |
|
|
|
2024 |
|
|
2023 |
|
|
2022 |
|
Research and development expense |
|
$ |
3,319 |
|
|
$ |
986 |
|
|
$ |
7,813 |
|
Sales and marketing expense |
|
|
798 |
|
|
|
155 |
|
|
|
116 |
|
General and administrative expense |
|
|
213 |
|
|
|
61 |
|
|
|
540 |
|
Total |
|
$ |
4,330 |
|
|
$ |
1,202 |
|
|
$ |
8,469 |
|
|
| Summary of Intangible Assets |
ntangible assets as of December 31, 2024 and 2023 consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average |
|
|
|
|
|
|
|
|
|
|
estimated |
|
Gross |
|
|
|
|
|
|
|
|
useful lives |
|
carrying |
|
|
Accumulated |
|
|
|
|
December 31, 2024 |
(in years) |
|
amount |
|
|
amortization |
|
|
Net amount |
|
Developed technology |
10 |
|
$ |
31,342 |
|
|
$ |
4,048 |
|
|
$ |
27,294 |
|
Licenses |
10 |
|
|
159 |
|
|
|
159 |
|
|
|
— |
|
Patents and websites |
5 |
|
|
3,776 |
|
|
|
3,752 |
|
|
|
24 |
|
Customer relationships |
4-10 |
|
|
2,799 |
|
|
|
1,447 |
|
|
|
1,352 |
|
Trade name |
4 |
|
|
194 |
|
|
|
63 |
|
|
|
131 |
|
Commercials |
3 |
|
|
494 |
|
|
|
282 |
|
|
|
212 |
|
Internally developed software |
3 |
|
|
2,090 |
|
|
|
610 |
|
|
|
1,480 |
|
Total |
|
|
$ |
40,854 |
|
|
$ |
10,361 |
|
|
$ |
30,493 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average |
|
|
|
|
|
|
|
|
|
|
estimated |
|
Gross |
|
|
|
|
|
|
|
|
useful lives |
|
carrying |
|
|
Accumulated |
|
|
|
|
December 31, 2023 |
(in years) |
|
amount |
|
|
amortization |
|
|
Net amount |
|
Developed technology |
10 |
|
$ |
33,303 |
|
|
$ |
971 |
|
|
$ |
32,332 |
|
Licenses |
10 |
|
|
185 |
|
|
|
185 |
|
|
|
— |
|
Patents and websites |
5 |
|
|
4,518 |
|
|
|
4,429 |
|
|
|
89 |
|
Customer relationships |
4 |
|
|
2,974 |
|
|
|
1,372 |
|
|
|
1,602 |
|
Trade name |
4 |
|
|
206 |
|
|
|
15 |
|
|
|
191 |
|
Commercials |
3 |
|
|
494 |
|
|
|
117 |
|
|
|
377 |
|
Total |
|
|
$ |
41,680 |
|
|
$ |
7,089 |
|
|
$ |
34,591 |
|
|
| Schedule of Annual Estimated Amortization Expense |
Annual estimated amortization expense for each of the succeeding fiscal years is as follows:
|
|
|
|
|
|
|
December 31, |
|
|
|
2024 |
|
2025 |
|
$ |
4,218 |
|
2026 |
|
|
4,087 |
|
2027 |
|
|
3,411 |
|
2028 |
|
|
3,289 |
|
2029 |
|
|
3,289 |
|
Thereafter |
|
|
12,199 |
|
Total |
|
$ |
30,493 |
|
|