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Intangible Assets and Goodwill | 3 Months Ended
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Mar. 31, 2022
Intangible Assets and Goodwill |
Intangible Assets And Goodwill |
8. | Intangible Assets and Goodwill
Acquired intangible assets subject to amortization consist of the following (in thousands):
|  | March 31, 2022 |  |  | December 31, 2021 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 19,073 |  |  | $ | (1,917 | ) |  | $ | 17,156 |  |  | $ | 19,073 |  |  | $ | (1,619 | ) |  | $ | 17,454 |
Developed technologies |  |  | 4,900 |  |  |  | (748 | ) |  |  | 4,152 |  |  |  | 4,900 |  |  |  | (528 | ) |  |  | 4,372 |
Trademark and trade names |  |  | 400 |  |  |  | (96 | ) |  |  | 304 |  |  |  | 400 |  |  |  | (65 | ) |  |  | 335 |
Total acquired intangible assets |  | $ | 24,373 |  |  | $ | (2,761 | ) |  | $ | 21,612 |  |  | $ | 24,373 |  |  | $ | (2,212 | ) |  | $ | 22,161 |
As of March 31, 2022, the weighted average remaining useful life for customer relationships was 14.9 years, developed technologies was 5.2 years, and trademarks and trade names was 3.2 years. Amortization expense for customer relationships intangible assets is included in sales and marketing expenses and totaled $283,000 and $57,000 for the three months ended March 31, 2022 and 2021, respectively. Amortization expense for developed technologies intangible assets is included in cost of software solutions revenue and totaled $220,000 and $0 for the three months ended March 31, 2022 and 2021, respectively. Amortization expense for trademark and trade name intangible assets is included in general and administrative expenses and totaled $46,000 and $0 for the three months ended March 31, 2022 and 2021, respectively. As of March 31, 2022, annual amortization of definite lived intangible assets, based on existing intangible assets and current useful lives, is estimated to be the following (in thousands):
Year ending December 31, |  |  |
2022 remaining |  | $ | 1,649 |
2023 |  |  | 2,147 |
2024 |  |  | 2,057 |
2025 |  |  | 1,929 |
2026 and thereafter |  |  | 13,830 |
Total |  | $ | 21,612 |
The following table provides a summary of changes in the carrying amounts of goodwill (in thousands):
|  | Goodwill |
Balance at December 31, 2021 |  | $ | 36,972 |
Additions |  |  | - |
Balance at March 31, 2022 |  | $ | 36,972 |

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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 http://asc.fasb.org/topic&trid=2144416 + Details
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