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

Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets, Net (Tables)

Goodwill and Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

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:

	March 31, 2020									December 31, 2019
	Weighted Average Remaining Useful Life		Gross Carrying		Accumulated			Net Carrying		Gross Carrying		Accumulated			Net Carrying
	(in years)		Amount		Amortization			Amount		Amount		Amortization			Amount
Software and technology		1.2	$	3,582	$	(2,469	)	$	1,113	$	3,582	$	(2,171	)	$	1,411
Licensed technology		1.5		500		(250	)		250		500		(208	)		292
Developed technology		3.4		9,600		(3,040	)		6,560		9,600		(2,560	)		7,040
Customer relationships		3.4		9,300		(2,945	)		6,355		9,300		(2,480	)		6,820
Trademarks and trade names		0.7		100		(70	)		30		100		(59	)		41
Noncompete agreements		2.3		800		(330	)		470		800		(278	)		522
Total		3.2	$	23,882	$	(9,104	)	$	14,778	$	23,882	$	(7,756	)	$	16,126

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 as follows:

	Three Months Ended
	March 31,
	2020		2019
Cost of revenues	$	561	$	370
Sales and marketing		531		213
Research and development		256		256
General and administrative		—		2
Total	$	1,348	$	841

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, 2020:

2020 (nine months)	$	4,034
2021		4,261
2022		3,963
2023		2,520
Total	$	14,778