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Goodwill and Intangible Assets, net | 9 Months Ended
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Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, net | 4. Goodwill and Intangible Assets, net At September 30, 2021 and December 31, 2020, goodwill and intangible assets, net, consisted of the following (in thousands): Schedule of Goodwill and Intangible Assets
|  | September 30, 2021 |  |  | December 31, 2020 |
Goodwill - Insight Merger(1) |  | $ | 9,194 |  |  | $ | 9,187 |
Goodwill - Chronix Merger(1) |  |  | 9,238 |  |  |  | - |
Total Goodwill |  |  | 18,432 |  |  |  | 9,187 |
Intangible assets: |  |  |  |  |  |  |  |
Acquired IPR&D - DetermaIOTM (2) |  | $ | 14,650 |  |  | $ | 14,650 |
Acquired IPR&D - TheraSure™ (3) |  |  | 46,800 |  |  |  | - |
Intangible assets subject to amortization: |  |  |  |  |  |  |  |
Acquired intangible assets - customer relationship |  |  | 440 |  |  |  | 440 |
Acquired intangible assets - Razor (see Note 3) |  |  | 33,284 |  |  |  | - |
Total intangible assets |  |  | 95,174 |  |  |  | 15,090 |
Accumulated amortization - customer relationship(4) |  |  | (147 | ) |  |  | (81 | )
Accumulated amortization - Razor(4) |  |  | (2,305 | ) |  |  | - |
Intangible assets, net |  | $ | 92,722 |  |  | $ | 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 Insight Merger and the Chronix Merger (see Note 3).
(2) | See Note 3 for information on the Insight Merger.
(3) | See Note 3 for information on the Chronix Merger.
(4) | Amortization of intangible assets is included in “Cost of revenues – amortization of acquired intangibles” on the condensed consolidated statements of operations in the current year because the intangible assets pertain directly to the revenues generated from the acquired intangibles.
Future amortization expense is expected to be the following (in thousands): Schedule of Intangible Assets Future Amortization Expense
|  | Amortization |
Year ending December 31, |  |  |  |
2021 |  | $ | 990 |
2022 |  |  | 3,960 |
2023 |  |  | 3,960 |
2024 |  |  | 3,960 |
2025 |  |  | 3,880 |
Thereafter |  |  | 14,521 |
Total |  | $ | 31,271 |

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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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