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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets The change in the carrying amount of goodwill for the three months ended March 31, 2023 was as follows (in thousands): ​
​ | ​ | ​ | ​
Balance as of January 1, 2023 |  | $ | 2,038
Foreign currency translation adjustment | ​ |  | 6
Balance as of March 31, 2023 | ​ | $ | 2,044
​ The fair value measurement of goodwill for the Agility segment was classified within Level 3 of the fair value hierarchy because the Company used the income approach, which utilizes significant inputs that are unobservable in the market and the market multiple approach using comparable entities to further validate the carrying values. The Company believes it made reasonable estimates and assumptions to calculate the fair value of the reporting unit as of the impairment test measurement date. The carrying value of Goodwill was $2.0 million as of March 31, 2023, and December 31, 2022. Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Foreign | ​ | ​ | ​
​ | ​ | Gross | ​ | ​ | ​ | ​ | Currency | ​ | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Translation | ​ | Carrying
​ |  | Value |  | Amortization |  | Adjustment |  | Value
Acquired Intangible Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Developed technology | ​ | $ | 2,999 | ​ | $ | (2,414) | ​ | $ | 1 | ​ | $ | 586
Customer relationships |  | ​ | 2,096 |  | ​ | (1,514) |  | ​ | - |  | ​ | 582
Trademarks and tradenames |  | ​ | 852 |  | ​ | (733) |  | ​ | - |  | ​ | 119
Patents |  | ​ | 43 |  | ​ | (37) |  | ​ | - |  | ​ | 6
Media Contact Database | ​ | ​ | 3,492 | ​ | ​ | (2,357) | ​ | ​ | 6 | ​ | ​ | 1,141
Total Acquired Intangible Assets | ​ | $ | 9,482 | ​ | $ | (7,055) | ​ | $ | 7 | ​ | $ | 2,434
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Capitalized Developed Software | ​ | $ | 11,778 | ​ | $ | (4,779) | ​ | $ | 3 | ​ | $ | 7,002
Capitalized Developed Software - in Progress | ​ |  | 3,631 | ​ |  | - | ​ |  | (3) | ​ |  | 3,628
Total Capitalized Developed Software | ​ | $ | 15,409 | ​ | $ | (4,779) | ​ | $ | - | ​ | $ | 10,630
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 24,891 | ​ | $ | (11,834) | ​ | $ | 7 | ​ | $ | 13,064
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Foreign | ​ | ​ | ​
​ | ​ | Gross | ​ | ​ | ​ | ​ | Currency | ​ | Net
​ |  | Carrying |  | Accumulated |  | Translation | ​ | Carrying
​ |  | Value |  | Amortization |  | Adjustment |  | Value
Acquired Intangible Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Developed technology | ​ | $ | 3,169 | ​ | $ | (2,468) | ​ | $ | (43) | ​ | $ | 658
Customer relationships | ​ | ​ | 2,228 | ​ | ​ | (1,560) | ​ | ​ | (42) | ​ | ​ | 626
Trademarks and tradenames | ​ | ​ | 880 | ​ | ​ | (740) | ​ | ​ | (8) | ​ | ​ | 132
Patents | ​ |  | 45 | ​ |  | (38) | ​ | ​ | 1 | ​ | ​ | 8
Media Contact Database | ​ | ​ | 3,648 | ​ | ​ | (2,358) | ​ | ​ | (68) | ​ | ​ | 1,222
Total Acquired Intangible Assets | ​ | $ | 9,970 | ​ | $ | (7,164) | ​ | $ | (160) | ​ | $ | 2,646
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ | $ | 11,845 | ​ | $ | (4,398) | ​ | $ | (348) | ​ | $ | 7,099
Capitalized Developed Software - in Progress | ​ | ​ | 2,787 | ​ | ​ | - | ​ | ​ | (6) | ​ | ​ | 2,781
Total Capitalized Developed Software | ​ | $ | 14,632 | ​ | $ | (4,398) | ​ | $ | (354) | ​ | $ | 9,880
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 24,602 | ​ | $ | (11,562) | ​ | $ | (514) | ​ | $ | 12,526
​ Amortization expense relating to acquired intangible assets was $0.2 million for each of the three-month periods ended March 31, 2023 and 2022, respectively. Amortization expense relating to capitalized developed software was $0.6 million and $0.4 million for the three months ended March 31, 2023 and 2022, respectively. As of March 31, 2023, estimated future amortization expense for intangible assets was as follows (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amortization
2023 | ​ | $ | 3,623
2024 | ​ | ​ | 3,975
2025 | ​ | ​ | 3,054
2026 | ​ | ​ | 853
2027 | ​ | ​ | 460
Thereafter | ​ | ​ | 1,099
​ | ​ | $ | 13,064
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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