Annual report pursuant to Section 13 and 15(d)

Goodwill and Acquired Intangible Assets

v3.23.1
Goodwill and Acquired Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets Goodwill and Acquired Intangible Assets
Goodwill
Changes in goodwill for Fiscal 2022 are as follows (in thousands):
Amount
Goodwill, beginning of Fiscal 2021 $ 901 
Acquisition of Nebula 4,446 
Adjustment for deferred tax liability 362 
Goodwill, end of Fiscal 2021 5,709 
Goodwill, end of Fiscal 2022 $ 5,709 
Intangible Assets, Net
Intangible assets as of December 31, 2022 and 2021 consisted of the following (in thousands):
December 31,
2022		 December 31,
2021		 Estimated Useful
Life (in years)
Trade names $ 5,550  $ 5,550  15
Proprietary intellectual property 4,260  4,260  5
Customer relationships 1,180  1,180  1
CLIA license 1,307  1,307  3
12,297  12,297 
Less: accumulated amortization (3,822) (1,445)
Total intangible assets, net $ 8,475  $ 10,852 
Amortization expense for acquired intangible assets was $2.4 million and $1.4 million during the years ended December 31, 2022 and 2021, respectively. The estimated future amortization expense of acquired intangible assets as of December 31, 2022 is as follows (in thousands):
Year ended December 31, 2023 $ 1,585 
Year ended December 31, 2024 1,222 
Year ended December 31, 2025 1,222 
Year ended December 31, 2026 890 
Year ended December 31, 2027 370 
Thereafter 3,186 
$ 8,475