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Intangible Assets, net
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net Intangible Assets, net
The following table sets forth the major categories of intangible assets and the weighted-average remaining useful lives for those assets that are not already fully amortized or impaired:
March 31, 2024
(in thousands, except for in years)Remaining Useful Lives
(in years)
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
Distribution rights4.0$32,334 $(23,609)$8,725 
Total intangible assets$32,334 $(23,609)$8,725 
December 31, 2023
(in thousands, except for in years)Weighted-average Remaining Useful Lives
(in years)
Gross Carrying AmountAccumulated AmortizationAccumulated ImpairmentNet Carrying Amount
Distribution rights4.3$32,334 $(23,064)$— $9,270 
Internally developed technology(1)
1.58,918 (4,408)(3,972)538 
(1)
Acquired developed technology0.016,200 (6,525)(9,675)— 
Customer relationships0.010,300 (7,940)(2,360)— 
Total intangible assets$67,752 $(41,937)$(16,007)$9,808 
(1)During the three months ended March 31, 2024, we reclassified the $0.5 million net carrying amount of internally developed technology to “Non-current assets of discontinued operations” in connection with the discontinued operations presentation.
Amortization expense of the intangible assets in the table above were recorded on the condensed consolidated statements of operations and comprehensive loss based on the function of the associated asset. The detail breakdown of the amortization expenses on the condensed consolidated statements of operations and comprehensive loss were summarized as below:
 
Three Months Ended March 31, 2024
(in thousands)
Amortization of Intangible Assets (1)
Classified as Discontinued Operations (2)
Classified as Continuing Operations
Amortization
$545 $— $545 
Selling, general and administrative
528 (528)— 
Research and development10 (10)— 
Total amortization expense$1,083 $(538)$545 
 
Three Months Ended March 31, 2023
(in thousands)
Amortization of Intangible Assets (1)
Classified as Discontinued Operations (2)
Classified as Continuing Operations
Amortization$2,004 $(1,459)$545 
Selling, general and administrative1,737 (644)1,093 
Research and development261 — 261 
Total amortization expense$4,002 $(2,103)$1,899 
(1)Amount represents the amortization expense before the impact of reclassification for the discontinued operation presentation in the condensed consolidated statements of operations and comprehensive loss.
(2)Amount represents the reclassification for the current and prior periods for the discontinued operation presentation in the condensed consolidated statements of operations and comprehensive loss.
Based on the amount of intangible assets as of March 31, 2024, the expected amortization expense for each of the next five fiscal years was as follows:
Year Ending December 31,(in thousands)
2024 remaining nine months$1,637 
20252,181 
20262,181 
20272,181 
2028545 
2029 and thereafter— 
Total$8,725