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Goodwill and Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill and Intangible Assets

At March 31, 2021 and December 31, 2020, goodwill and intangible assets, net, consisted of the following (in thousands):

		March 31, 2021 (unaudited)				December 31, 2020
Goodwill ⁽¹⁾		$	9,194			$	9,187

Intangible assets:
Acquired IPR&D – DetermaIO™ ⁽²⁾			14,650				14,650

Intangible assets subject to amortization:
Acquired intangible assets – customer relationship			440				440
Acquired intangible asset – Razor (see Note 6)			33,284				-
Total intangible assets			48,374				15,090
Accumulated amortization ⁽³⁾			(388)				(81)
Intangible assets, net		$	47,986			$	15,009

(1)

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in the Merger (see Note 5).

(2) See Note 5 for information on the Merger consummated on January 31, 2020.

(3) Amortization of intangible assets is included in “Cost of revenues – amortization of acquired intangibles” on the consolidated statements of operations because the intangible assets pertain directly to the revenues generated from the acquired intangibles.