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Goodwill and Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets, net | 6. Goodwill and Intangible Assets, net Identifiable intangible assets, net consist of the following:
|  | As of September 30, |  |  | As of December 31, |
|  | 2024 |  |  | 2023 |
(in thousands) |  | Cost |  |  | Accumulated Amortization |  |  | Net Book Value |  |  | Cost |  |  | Accumulated Amortization |  |  | Net Book Value |
Internal-use software |  | $ | 6,248 |  |  | $ | (5,386 | ) |  | $ | 862 |  |  | $ | 6,248 |  |  | $ | (3,994 | ) |  | $ | 2,254 |
Developed technology |  |  | 1,500 |  |  |  | (164 | ) |  |  | 1,336 |  |  |  | — |  |  |  | — |  |  |  | — |
Customer related |  |  | 4,400 |  |  |  | (310 | ) |  |  | 4,090 |  |  |  | — |  |  |  | — |  |  |  | — |
Trademark and trade name |  |  | 800 |  |  |  | (60 | ) |  |  | 740 |  |  |  | — |  |  |  | — |  |  |  | — |
Content |  |  | 200 |  |  |  | (44 | ) |  |  | 156 |  |  |  | — |  |  |  | — |  |  |  | — |
Total identifiable intangible assets |  | $ | 13,148 |  |  | $ | (5,964 | ) |  | $ | 7,184 |  |  | $ | 6,248 |  |  | $ | (3,994 | ) |  | $ | 2,254 |
Amortization expense amounted to $0.6 million and $0.5 million for each of the three months ended September 30, 2024 and 2023, respectively. Amortization expense amounted to $2.0 million and $1.5 million for each of the nine months ended September 30, 2024 and 2023, respectively. As of September 30, 2024 and 2023, there was no intangible asset impairment. As of September 30, 2024, estimated annual amortization expense for each of the next five fiscal years is as follows:
2024 (remaining) |  |  | 481 |
2025 |  |  | 1,389 |
2026 |  |  | 815 |
2027 |  |  | 648 |
2028 |  |  | 582 |
Thereafter |  |  | 3,269 |
Total |  | $ | 7,184 |
Total goodwill of $13.5 million and intangible assets of $6.9 million were acquired in the Acquisition and were recorded at fair value on the acquisition date. As of September 30, 2024, there was no goodwill impairment. Refer to Note 21. Acquisitions for more information. Changes in goodwill for the nine months ended September 30, 2024 are as follows:
(in thousands) |  | CLMBR, Inc. |
Balance as of December 31, 2023 |  | $ | — |
Goodwill acquired |  |  | 13,165 |
Purchase accounting adjustments to goodwill |  |  | 354 |
Balance as of September 30, 2024 |  | $ | 13,519 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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