Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of goodwill
Changes in the carrying amount of goodwill as of June 30, 2023 and December 31, 2022 are as follows:
June 30,
2023		 December 31,
2022
Balance, beginning of period $ 6,286  $ 1,835 
Acquired goodwill —  4,451 
Balance, end of period
 $ 6,286  $ 6,286 
Schedule of finite-lived intangible assets
The estimated useful lives of the identifiable intangible assets acquired is as follows:
Gross Value Estimated Life (in years)
Customer relationships $ 264  10
Trade name 240  10
Acquired software platform 910  10
Customer list 190  3
Total intangible assets $ 1,604 
Estimated Life (in years)
Customer relationships $ 2,822  10
Trade name 647  10
Noncompetition agreement 52  2
Favorable operating lease 699  4
Unfavorable operating lease (21) 4
Total intangible assets $ 4,199 
Intangible assets consisted of the following as of June 30, 2023:
Gross carrying amount Accumulated amortization Intangible assets, net Weighted average amortization period (in years)
Customer relationships $ 3,086  $ (360) $ 2,726  10
Trade name 987  (115) 872  10
Acquired software platform 910  (106) 804  10
Customer lists 190  (74) 116  3
Noncompetition agreement 52  (30) 22  2
Favorable operating lease 699  (204) 495  4
Unfavorable operating lease (21) 6  (15) 4
Total intangible assets, net $ 5,903  $ (883) $ 5,020 
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 intangible assets, net $ 5,903  $ (505) $ 5,398 
Schedule of finite-lived intangible assets, future amortization expense The Company estimates the future aggregate amortization expense related to its intangible assets as of June 30, 2023 will be as follows:
Amortization expense
Remainder of 2023 $ 379 
2024 740 
2025 689 
2026 555 
2027 498 
Thereafter 2,159 
Total $ 5,020