Goodwill and Intangible Assets |
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Dec. 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Goodwill and Intangible Assets |
7.
Goodwill and Intangible Assets
The following table summarizes changes in goodwill balance:
Intangible assets consisted of the following:
As part of the Acquisition, the Company acquired intangible assets for a total of $43,621 in November 2021. As of December 31, 2022, the weighted-average amortization period for customer relationships and developed technology was 10.9 years, trade names was 3.9 years, and patents and FCC licenses was 7.0 years. Amortization expense related to intangible assets for the years ended December 31, 2022 and 2021, was $6,570 and $666, respectively. During the years ended December 31, 2022 and 2021, the Company recognized of $72 and $91, respectively, for intangible assets relating to patent costs which are included in other expense, net in the consolidated statements of operations. The patents asset balance as of December 31, 2022 and 2021 includes $57 and $196 of capitalized patent costs, respectively, that will begin amortization upon the issuance of an official patent right to the Company. As of December 31, 2022, the expected future amortization expense of intangible assets is as follows:
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