XML 25 R15.htm IDEA: XBRL DOCUMENT v3.23.3
Intangible Assets
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
The Company’s acquired intangible asset subject to amortization as of the periods presented was as follows (in thousands):
September 30, 2023
Gross Carrying
Amount
Accumulated
 Amortization
Net Carrying
Amount
Developed technology$2,700 $(852)$1,848 
Effect of foreign currency translation(486)32 (454)
Total$2,214 $(820)$1,394 
December 31, 2022
Gross Carrying
Amount
Accumulated
 Amortization
Net Carrying
Amount
Developed technology$2,700 $(434)$2,266 
Effect of foreign currency translation(276)(11)(287)
Total$2,424 $(445)$1,979 
The intangible asset is amortized on a straight-line basis over its useful life of 4 years. As of September 30, 2023, the intangible asset had a remaining amortization period of 2.5 years.
The amortization expense was $0.1 million and $0.4 million for the three and nine months ended September 30, 2023, respectively, and was $0.2 million and $0.3 million for the three and nine months ended September 30, 2022. The amortization expense was included in research and development in the condensed consolidated statements of operations as the acquired technology is used to enhance our existing product capabilities.
The estimated future amortization expense for the intangible asset is as follows (in thousands):
Remaining 2023$139 
2024555 
2025553 
2026147 
Total$1,394