Veritone, Inc. Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net (Tables)

Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 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
Performance Bridge purchase price allocation adjustment		1,309
Machine Box purchase price allocation adjustment		175
Wazee Digital purchase price allocation adjustment		(123	)
Balance as of December 31, 2019	$	6,904

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:

			December 31, 2019							December 31, 2018
	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		1.3	$	3,582	$	(2,171	)	$	1,411	$	3,576	$	(1,613	)	$	1,963
Licensed technology		1.6		500		(208	)		292		500		(42	)		458
Developed technology		3.6		9,600		(2,560	)		7,040		9,600		(792	)		8,808
Customer relationships		3.6		9,300		(2,480	)		6,820		9,300		(733	)		8,567
Trademarks and trade names		0.9		100		(59	)		41		100		(15	)		85
Noncompete agreements		2.5		800		(278	)		522		800		(201	)		599
Total		3.4	$	23,882	$	(7,756	)	$	16,126	$	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 statements of operations and comprehensive loss as follows:

	Year Ended
	December 31,
	2019		2018
Cost of revenues	$	2,028	$	920
Sales and marketing		1,797		967
Research and development		1,025		1,076
General and administrative		10		13
Total	$	4,860	$	2,976

Summary of Future Estimated Annual Amortization Expense

The following table summarizes the future estimated annual amortization expense for these assets at December 31, 2019:

2020	$	5,382
2021		4,261
2022		3,963
2023		2,520
Total	$	16,126