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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | GOODWILL AND INTANGIBLE ASSETS Goodwill Goodwill represents the excess of the purchase price over the identifiable tangible and intangible assets acquired less liabilities assumed arising from business combinations. The Company believes the goodwill represents the synergies expected from expanded market opportunities when integrating with its offerings. There were no additions, impairments or any other changes to the carrying amount of goodwill during the three months ended March 31, 2023 or during prior periods. Intangible Assets Total cost and amortization of intangible assets is comprised of the following (in thousands, except useful life):
| Estimated Useful Life |  | March 31, 2023 |  |
Intangible assets, net | (in years) |  | (unaudited) |  |
Developed technology & trademarks | 4 |  | $ | 6,110 |  |  |
Total intangible assets |  |  | 6,110 |  |  |
Less: Accumulated amortization |  |  | 3,704 |  |  |
Total intangible assets, net |  |  | $ | 2,406 |  |  |
Intangible assets are expensed on a straight-line basis over the useful life of the asset. The Company recorded amortization expense of $381 for the three months ended March 31, 2023 and 2022. The following table summarizes estimated future amortization expense of our intangible assets as of March 31, 2023 (in thousands):
Years ending December 31, | Amount (unaudited)
2023 | $ | 1,143 |
2024 | 1,263 |
Total future amortization expense | $ | 2,406 |

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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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