Annual report pursuant to Section 13 and 15(d)

Goodwill and Other Identifiable Intangible Assets (Tables)

v3.24.0.1
Goodwill and Other Identifiable Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2023 and 2022 were as follows:

 

 

 

 

 

Balance as of December 31, 2021

 

$

32,979

 

Translation adjustment

 

 

(127

)

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

 

 
Schedule of Amortization Expense for Intangible Assets Amortization expense for intangible assets for the years ended December 31, 2023, 2022 and 2021 was as follows:

 

 

 

Years ended December 31,

 

 

 

2023

 

 

2022

 

 

2021

 

Research and development expense

 

$

986

 

 

$

7,813

 

 

$

7,813

 

Sales and marketing expense

 

 

155

 

 

 

116

 

 

 

181

 

General and administrative expense

 

 

61

 

 

 

540

 

 

 

781

 

Total

 

$

1,202

 

 

$

8,469

 

 

$

8,775

 
Summary of Intangible Assets ntangible assets as of December 31, 2023 and 2022 consisted of the following:

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

 

 

 

 

estimated

 

Gross

 

 

 

 

 

 

 

 

 

useful lives

 

carrying

 

 

Accumulated

 

 

 

 

December 31, 2022

 

(in years)

 

amount

 

 

amortization

 

 

Net amount

 

Licenses

 

10

 

$

185

 

 

$

183

 

 

$

2

 

Patents and websites

 

5

 

 

4,514

 

 

 

4,353

 

 

 

161

 

Customer relationships

 

4

 

 

1,284

 

 

 

1,284

 

 

 

—

 

Commercials

 

2-3

 

 

256

 

 

 

242

 

 

 

14

 

Total

 

 

 

$

6,239

 

 

$

6,062

 

 

$

177

 
Schedule of Annual Estimated Amortization Expense

Annual estimated amortization expense for each of the succeeding fiscal years is as follows:

 

 

 

December 31,

 

 

 

2023

 

2024

 

$

4,026

 

2025

 

 

3,978

 

2026

 

 

3,846

 

2027

 

 

3,731

 

2028

 

 

3,330

 

Thereafter

 

 

15,680

 

Total

 

$

34,591