v3.24.1.u1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets

The following table presents details of the Company’s intangible assets (in thousands):

 

 

 

March 31, 2024

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

Developed technology

 

$

26,800

 

 

$

(894

)

 

$

25,906

 

Customer relationships

 

 

800

 

 

 

(89

)

 

 

711

 

Total

 

$

27,600

 

 

$

(983

)

 

$

26,617

 

 

 

 

 

December 31, 2023

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

Developed technology

 

$

26,800

 

 

$

(223

)

 

$

26,577

 

Customer relationships

 

 

800

 

 

 

(23

)

 

 

777

 

Total

 

$

27,600

 

 

$

(246

)

 

$

27,354

 

Summary of Future Amortization Expense of Intangible Assets

Future amortization expense of these intangibles assets as of March 31, 2024 is as follows (in thousands):

 

 

 

Future Amortization Expense

 

2024, remaining months

 

$

2,210

 

2025

 

 

2,947

 

2026

 

 

2,924

 

2027

 

 

2,680

 

2028

 

 

2,680

 

Thereafter

 

 

13,176

 

Total future amortization expense

 

 

26,617