XML 32 R18.htm IDEA: XBRL DOCUMENT v3.25.0.1

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

8.Goodwill and Intangible Assets

There have been no changes in the carrying amount of goodwill since its recognition in 2015. In conjunction with our organizational realignment in 2024, we allocated goodwill among our two reporting units using a relative fair value approach. Goodwill allocated to the MRD and Immune Medicine reporting units as of December 31, 2024 was $96.4 million and $22.6 million, respectively.

Intangible assets subject to amortization as of December 31, 2024 and 2023 consisted of the following (in thousands):

		December 31, 2024
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Acquired developed technology		$	20,000			$	(16,641	)		$	3,359
Purchased intellectual property			325				(259	)			66
Balance at December 31, 2024		$	20,325			$	(16,900	)		$	3,425

		December 31, 2023
		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Acquired developed technology		$	20,000			$	(14,970	)		$	5,030
Purchased intellectual property			325				(227	)			98
Balance at December 31, 2023		$	20,325			$	(15,197	)		$	5,128

The developed technology was acquired in connection with our acquisition of Sequenta, Inc. in 2015. The remaining balance of the acquired developed technology and the purchased intellectual property is expected to be amortized over the next 2.0 years, approximately.

As of December 31, 2024, expected future amortization expense for intangible assets was as follows (in thousands):

2025		$	1,699
2026			1,699
2027			27
Total future amortization expense		$	3,425

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration