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Intangible Assets
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The Company’s acquired intangible asset subjects to amortization was as follows (in thousands):
June 30, 2022
Gross Carrying
Amount
Accumulated AmortizationNet Carrying
Amount
Developed technology$2,700 $(137)$2,563 
Effect of foreign currency translation(313)— (313)
$2,387 $(137)$2,250 
As of December 31, 2021, the Company had no intangible assets.
The intangible asset is amortized on a straight-line basis over its useful life of 4 years. As of June 30, 2022, the intangible asset had a remaining amortization period of 3.8 years.
The amortization expense for the three and six months ended June 30, 2022 was $0.1 million and was included in research and development in the condensed consolidated statements of operations as the acquired technology will be used to enhance our existing product capabilities.
The estimated future amortization expense for the intangible asset is as follows (in thousands):
Remainder of 2022$301 
2023596 
2024598 
2025596 
2026159 
Total$2,250