Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

v3.19.1
Goodwill and Intangible Assets, Net (Tables)
 3 Months Ended
Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amount of Goodwill

The following table presents the changes in the carrying amount of goodwill:

 

 

 

Carrying Amount

 

Balance as of December 31, 2018

 

$

5,509

 

Performance Bridge working capital adjustment

 

 

34

 

Balance as of March 31, 2019

 

$

5,543

 
Summary of Intangible Assets, Net

Intangible assets, net consisted of the following:

 

 

 

 

 

 

 

March 31, 2019

 

 

December 31, 2018

 

 

 

Weighted

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

Average Useful

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Life (in years)

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Acquired software and technology

 

 

3.0

 

 

$

3,576

 

 

$

(1,772

)

 

$

1,804

 

 

$

3,576

 

 

$

(1,613

)

 

$

1,963

 

Licensed technology

 

 

3.0

 

 

 

500

 

 

 

(83

)

 

 

417

 

 

 

500

 

 

 

(42

)

 

 

458

 

Developed technology

 

 

5.0

 

 

 

9,600

 

 

 

(1,120

)

 

 

8,480

 

 

 

9,600

 

 

 

(792

)

 

 

8,808

 

Customer relationships

 

 

5.0

 

 

 

9,300

 

 

 

(1,085

)

 

 

8,215

 

 

 

9,300

 

 

 

(733

)

 

 

8,567

 

Trademarks and trade names

 

 

2.3

 

 

 

100

 

 

 

(26

)

 

 

74

 

 

 

100

 

 

 

(15

)

 

 

85

 

Noncompete agreements

 

 

3.8

 

 

 

800

 

 

 

(122

)

 

 

678

 

 

 

800

 

 

 

(201

)

 

 

599

 

Total

 

 

4.6

 

 

$

23,876

 

 

$

(4,208

)

 

$

19,668

 

 

$

23,876

 

 

$

(3,396

)

 

$

20,480

 

 
Summary of Amortization Expense Associated with Finite-Lived Intangible Assets

The following table presents amortization expense associated with the Company’s finite-lived intangible assets, which is included in the consolidated statement of operations and comprehensive loss:

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2019

 

 

2018

 

Cost of revenues

 

$

370

 

 

$

48

 

Sales and marketing

 

 

72

 

 

 

—

 

Research and development

 

 

256

 

 

 

255

 

General and administrative

 

 

143

 

 

 

3

 

Total

 

$

841

 

 

$

306

 
Summary of Future Amortization of Finite-Lived Intangible Assets

The following table presents future amortization of the Company’s finite-lived intangible assets at March 31, 2019:

 

2019 (9 months)

 

$

3,926

 

2020

 

 

5,223

 

2021

 

 

4,102

 

2022

 

 

3,897

 

2023

 

 

2,520

 

Total

 

$

19,668