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Goodwill and Intangible Assets, Net | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, Net | Goodwill and Intangible Assets, Net The Company determined that recent developments in domestic and global economies, including significant market volatilities, interest rate increases, and the decline in the market value of the Company's stock, which commenced prior to March 31, 2023, represent indicators that its long-lived assets may be impaired. Accordingly, the Company carried out an interim impairment test of its long-lived assets pursuant to ASC 360 - Property, Plant, and Equipment, whereby a quantitative assessment was performed to determine whether its long-lived assets were recoverable. The Company's long-lived assets represent a single group of assets that individually are not independent from the cash flows of other assets. The Company determined that the carrying amount of its long-lived assets did not exceed the sum of the undiscounted cash flows expected to result from the use of these assets, thus, its long-lived assets were recoverable as of March 31, 2023. As a result, no impairment loss was recorded for the long-lived assets. Additionally, as of March 31, 2023, the Company performed an interim goodwill impairment test as a result of the events and circumstances previously discussed. The Company has one reporting unit. In determining the fair value of the reporting unit in accordance with ASC 350 - Intangibles - Goodwill and Other, the Company performed a quantitative assessment of goodwill as of March 31, 2023 using the income approach in combination with sensitivity analysis and reconciliations to market capitalization. The fair value of the reporting unit exceeded its carrying value. As a result, no impairment loss was recorded for goodwill. The components of intangible assets and accumulated amortization are as follows (in thousands):
| As of March 31, 2023
| Weighted Average Remaining Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-lived intangible assets: |  |  |  |  |  |  |
Developed technology | 1.6 years |  | $ | 13,200 |  |  | $ | (8,732) |  |  | $ | 4,468 |
Customer relationships | 5.9 years |  | 7,507 |  |  | (2,929) |  |  | 4,578 |
Trade name | 0.0 years |  | 320 |  |  | (320) |  |  | — |
Launched in-process research and development assets | 3.5 years |  | 960 |  |  | (288) |  |  | 672 |
Total finite-lived intangible assets |  |  | $ | 21,987 |  |  | $ | (12,269) |  |  | $ | 9,718 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trade name - website domain | Indefinite |  | 2,224 |  |  | — |  |  | 2,224 |
Total infinite-lived intangible assets |  |  | 2,224 |  |  | — |  |  | 2,224 |
Total intangible assets |  |  | $ | 24,211 |  |  | $ | (12,269) |  |  | $ | 11,942 |
| As of December 31, 2022
| Weighted Average Remaining Amortization Period |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Finite-lived intangible assets: |  |  |  |  |  |  |
Developed technology | 1.8 years |  | $ | 13,200 |  |  | $ | (8,035) |  |  | $ | 5,165 |
Customer relationships | 6.1 years |  | 7,507 |  |  | (2,677) |  |  | 4,830 |
Trade name | 0.0 years |  | 320 |  |  | (320) |  |  | — |
Launched in-process research and development assets | 3.7 years |  | 960 |  |  | (240) |  |  | 720 |
Total finite-lived intangible assets |  |  | $ | 21,987 |  |  | $ | (11,272) |  |  | $ | 10,715 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |
Trade name - website domain | Indefinite |  | 2,224 |  |  | — |  |  | 2,224 |
Total infinite-lived intangible assets |  |  | 2,224 |  |  | — |  |  | 2,224 |
Total intangible assets |  |  | $ | 24,211 |  |  | $ | (11,272) |  |  | $ | 12,939 |
Amortization expense related to finite-lived intangible assets for the three months ended March 31, 2023 and 2022 was $1.0 million and $0.9 million, respectively, and was included in depreciation and amortization in the accompanying unaudited condensed consolidated statements of operations. The table below presents estimated future amortization expense for finite-lived intangible assets as of March 31, 2023 (in thousands):
| Amount
Remainder of 2023 | $ | 2,971 |
2024 | 3,462 |
2025 | 802 |
2026 | 754 |
2027 | 610 |
Thereafter | 1,119 |
Total | $ | 9,718 |

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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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