Veritone, Inc. Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

Goodwill and Intangible Assets, Net (Tables)

9 Months Ended

Sep. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

The carrying amount of goodwill was $27,999 as of September 30, 2021 and $6,904 December 31, 2020.

	Goodwill
Balance at December 31, 2020	$	6,904
Acquisition of PandoLogic		21,095
Balance at September 30, 2021	$	27,999

Summary of Finite-Lived Intangible Assets Resulting from Business Acquisitions and Other Purchases

The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and other purchases, which continue to be amortized:

			September 30, 2021							December 31, 2020
	Weighted Average Remaining Useful Life (in years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Software and technology		0.7	$	3,582	$	(3,477	)	$	105	$	3,582	$	(3,357	)	$	225
Licensed technology		0.0		500		(500	)		-		500		(375	)		125
Developed technology		3.6		25,600		(6,087	)		19,513		9,600		(4,480	)		5,120
Customer relationships		6.5		77,300		(6,157	)		71,143		9,300		(4,340	)		4,960
Noncompete agreements		0.9		800		(640	)		160		800		(486	)		314
Trade names		5.0		2,000		(17	)		1,983		-		-			-
Total		5.8	$	109,782	$	(16,878	)	$	92,904	$	23,782	$	(13,038	)	$	10,744

Summary of Future Amortization of Finite-Lived Intangible Assets

The following table presents future amortization of the Company’s finite-lived intangible assets at September 30, 2021:

2021 (3 months)	$	4,671
2022		18,534
2023		17,091
2024		14,571
2025		13,409
Thereafter		24,628
Total	$	92,904