Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Note

Intangible Assets, Net

The Company’s Intangible assets, net consisted of the following (in thousands):


			June 30 , 2022							December 31, 2021
	Weighted Average Useful Lives		Gross Carrying Value		Accumulated Amortization			Net Book Value		Gross Carrying Value		Accumulated Amortization			Net Book Value
Internally developed software		3.0 Years	$	17,548	$	(7,918)		$	9,630	$	13,109	$	(5,342)		$	7,767
Domain name		15.0 Years		121		(43	)		78		121		(39	)		82

Intangible assets, net			$	17,669	$	(7,961)		$	9,708	$	13,230	$	(5,381)		$	7,849

The future estimated amortization expenses as of June 30, 2022, were as follows (in thousands):


2022 (remaining)	$	3,863
2023		2,951
2024		2,283
2025		561
2026		8
Thereafter		42

Total future amortization	$	9,708

Total amortization

expense for the three and six months ended June 30, 2022, was approximately $1.6

million and $2.6

million, respectively.

Total amortization

expense for the three and six months ended June 30, 2021, was approximately $0.6 million and $1.2 million, respectively. No impairment charges were recognized related to long-lived assets for the six months ended June 30, 2022 and 2021.

Capitalized costs for internally developed software for the three and six months ended June 30, 2022 were approximately $2.2 million and $4.4 million, respectively. Capitalized costs for internally developed software for the three and six months ended June 30, 2021 were approximately $1.1 million and $2.3 million, respectively.

Amortization expense related to change in useful life of a certain definite-lived intangible asset for the three and six months ended June 30, 2022 was approximately $0.6 million and $0.6 million, respectively. Amortization expense related to change in useful life of a certain definite-lived intangible asset for the three and six months ended June 30, 2021 was approximately $0