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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets The change in the carrying amount of goodwill for the six months ended June 30, 2023 was as follows (in thousands): ​
​ | ​ | ​ | ​
Balance - January 1, 2023 |  | $ | 2,038
Foreign currency translation adjustment | ​ |  | 31
Balance - June 30, 2023 | ​ | $ | 2,069
​ 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 $2.1 million as of June 30, 2023, and $2.0 million as of December 31, 2022. Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Foreign | ​ | ​ | ​
​ | ​ | Gross | ​ | ​ | ​ | ​ | Currency | ​ | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Translation | ​ | Carrying
​ |  | Value |  | Amortization |  | Adjustment |  | Value
Acquired Intangible Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Developed technology | ​ | $ | 2,999 | ​ | $ | (2,489) | ​ | $ | 7 | ​ | $ | 517
Customer relationships |  | ​ | 2,096 |  | ​ | (1,557) |  | ​ | 8 |  | ​ | 547
Trademarks and tradenames |  | ​ | 852 |  | ​ | (747) |  | ​ | 2 |  | ​ | 107
Patents |  | ​ | 43 |  | ​ | (38) |  | ​ | - |  | ​ | 5
Media Contact Database | ​ | ​ | 3,492 | ​ | ​ | (2,445) | ​ | ​ | 17 | ​ | ​ | 1,064
Total Acquired Intangible Assets | ​ | $ | 9,482 | ​ | $ | (7,276) | ​ | $ | 34 | ​ | $ | 2,240
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Capitalized Developed Software | ​ | $ | 12,608 | ​ | $ | (5,419) | ​ | $ | 88 | ​ | $ | 7,277
Capitalized Developed Software - in Progress | ​ |  | 3,979 | ​ |  | - | ​ |  | (7) | ​ |  | 3,972
Total Capitalized Developed Software | ​ | $ | 16,587 | ​ | $ | (5,419) | ​ | $ | 81 | ​ | $ | 11,249
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 26,069 | ​ | $ | (12,695) | ​ | $ | 115 | ​ | $ | 13,489
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 June 30, 2023 and 2022. Amortization expense relating to acquired intangible assets was $0.4 million and $0.5 million for the six-month periods ended June 30, 2023 and 2022, respectively. Amortization expense relating to capitalized developed software was $0.6 million and $0.4 million for the three-month periods ended June 30, 2023 and 2022, respectively. Amortization expense relating to capitalized developed software was $1.2 million and $0.8 million for the six-month periods ended June 30, 2023 and 2022, respectively. As of June 30, 2023, estimated future amortization expense for intangible assets was as follows (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amortization
2023 | ​ | $ | 3,049
2024 | ​ | ​ | 4,378
2025 | ​ | ​ | 3,451
2026 | ​ | ​ | 940
2027 | ​ | ​ | 460
Thereafter | ​ | ​ | 1,211
​ | ​ | $ | 13,489
​

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