Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill

The Company determined no impairment existed for goodwill for the three months ended March 31, 2023.
Intangible Assets
The following table summarizes the components of preliminary gross assets, accumulated amortization, and net carrying values for definite and indefinite lived intangible asset balances as of March 31, 2023:

March 31, 2023
Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Developed technology $ 2,310  $ (93) $ 2,217 
Trade name 2,310  N/A 2,310 
Intellectual property 460  —  460 
Customer relationships 140  (6) 134 
Below market lease 20  (5) 15 
   Total intangible assets $ 5,240  $ (104) $ 5,136 

Definite lived intangible assets are amortized over their estimated lives using the straight line method, which is estimated as 8 years for developed technology, 12 years for intellectual property, eight years for customer relationships and one year for below market lease. The acquired trade name was estimated to have an indefinite life, and consequently, no amortization expense was recorded. The Company determined no impairment existed for intangible assets for the three months ended March 31, 2023.

The estimated future amortization expenses related to definite lived intangible assets as of March 31, 2023 is as follows (in thousands):

Fiscal Year Amount
2023 - remainder $ 320 
2024 306 
2025 345 
2026 345 
2027 345 
2028 and thereafter 1,164 
  Total $ 2,825