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INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

 

7. INTANGIBLE ASSETS

 

Intangible assets, net as of December 31, 2022 consist of the following (in thousands):

               
   December 31,2022 
   Gross Carrying Amount   Accumulated Amortization   Weighted-average Amortization Period (yrs) 
Developed technology  $8,074   $(612)   11 
Trade name   1,756    (146)   10 
Customer relationships   444    (49)   13 
Backlog   185    (154)   1 
Patents   491    (42)   20 
Intangible assets, net  $10,950   $(1,003)     

 

Intangible assets as of December 31, 2021 consisted of patents, for which the gross carrying amount was $0.4 million. Amortization expense for the year ended December 31, 2022 was $1.0 million and immaterial for the year ended December 31, 2021. Amortization expense for intangible assets held as of December 31, 2022 will be $1.2 million for 2023, and $1.1 million for each of the years 2024 – 2027.