Intangible Assets, net

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The following table reflects the changes in the net carrying amounts of the Company’s intangible assets for the year ended December 31, 2023.


	Balance at December 31, 2022		Assets Acquired Pursuant to Business Combination		Impairment Charges		Amortization Expense		Balance at December 31, 2023
Developed technology	$	6,669	$	—	$	—	$	793	$	5,876
	$	6,669	$	—	$	—	$	793	$	5,876

The following table reflects the changes in the net carrying amounts of the Company’s finite-lived intangible assets for the year ended December 31, 2022.


	Balance at December 31, 2021		Assets Acquired Pursuant to Business Combination		Impairment Charges		Amortization Expense		Balance at December 31, 2022
Developed technology	$	7,461	$	—	$	—	$	792	$	6,669
	$	7,461	$	—	$	—	$	792	$	6,669

The following table reflects the carrying amounts of the Company's finite-lived intangible assets at December 31, 2023 and 2022.


	December 31, 2023				December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Developed technology	$	10,300	$	(4,424)	$	10,300	(3,631)
	$	10,300	$	(4,424)	$	10,300	$	(3,631)

The Company uses the straight-line method to determine the amortization expense for its definite-lived intangible assets. The weighted-average remaining useful life for the intangible assets is 7.4 years. Amortization expense related to the purchased intangible assets was $793, $792 and $792 for the year ended December 31, 2023, 2022, and 2021, respectively.

The table below reflects the future estimated amortization expense for amortizable intangible assets as of December 31, 2023.


Year ending December 31,
2024	$	792
2025	792
2026	792
2027	792
2028	792
Thereafter	1,916
Total	$	5,876