Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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Goodwill and Intangible Assets
9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Changes in the carrying amount of goodwill as of September 30, 2023 and December 31, 2022 are as follows:
September 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 
The Company had no accumulated impairment losses on goodwill during the three and nine months ended September 30, 2023 and 2022.
Intangible assets consisted of the following as of September 30, 2023:
Gross carrying amount Accumulated amortization Intangible assets, net Weighted average amortization period (in years)
Customer relationships $ 3,086  $ (437) $ 2,649  10
Trade name 987  (140) 847  10
Acquired software platform 910  (129) 781  10
Customer lists 190  (90) 100  3
Noncompetition agreement 52  (37) 15  2
Unfavorable operating lease (21) (13) 4
Total intangible assets, net $ 5,204  $ (825) $ 4,379 
During the three and nine months ended September 30, 2023, the Company wrote off $481 of intangible assets related to the favorable operating lease. There were no intangible assets written off during the three and nine months ended September 30, 2022.
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) (17) 4
Total intangible assets, net $ 5,903  $ (505) $ 5,398 
The Company recognized $160 and $188 of amortization expense during the three months ended September 30, 2023 and 2022, respectively and $538 and $311 of amortization expense during the nine months ended September 30, 2023 and 2022, respectively. The Company estimates the future aggregate amortization expense related to its intangible assets as of September 30, 2023 will be as follows:
Amortization expense
Remainder of 2023 $ 146 
2024 565 
2025 514 
2026 497 
2027 498 
Thereafter 2,159 
Total $ 4,379