Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.23.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Changes in the carrying amount of goodwill as of December 31, 2022 and December 31, 2021 are as follows:
Goodwill
Balance at December 31, 2021
 $ 1,835 
Acquired goodwill 4,451 
Balance at December 31, 2022
 $ 6,286 
The Company has no accumulated impairment losses on goodwill during the years ended December 31, 2022 and 2021.
Intangible assets consisted of the following as of December 31, 2022:
Gross carrying amount Accumulated amortization Intangible assets, net Weighted average amortization period (in years)
Customer relationships $ 3,086  $ (206) $ 2,880  10
Trade name 987  (66) 921  10
Acquired software platform 910  (61) 849  10
Customer lists 190  (42) 148  3
Noncompetition agreement 52  (17) 35  2
Favorable operating lease 699  (117) 582  4
Unfavorable operating lease (21) 4  (17) 4
Total $ 5903  $ (505) $ 5398 
The Company recognized $505 of amortization expense during the year ended December 31, 2022. There was no amortization expense recorded for the year ended December 31, 2021. The Company estimates the future aggregate amortization expense related to its intangible assets as of December 31, 2022 will be as follows:
Amortization expense
2023 $ 757 
2024 740 
2025 689 
2026 555 
2027 498 
Thereafter 2,159 
Total $ 5,398