Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.22.2.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible assets

Intangible assets consisted of the following:

 

 

 

 

 

September 30,

 

 

December 31,

 

 

 

Useful Life

 

2022

 

 

2021

 

Proprietary technology and capitalized internal-use software

 

3 - 7 years

 

$

39,238

 

 

$

11,623

 

Work in process

 

 

 

 

2,152

 

 

 

1,481

 

Customer relationships

 

10 - 15 years

 

 

159,820

 

 

 

5,960

 

Trade names

 

10 - 15 years

 

 

24,980

 

 

 

11,820

 

Less: accumulated amortization

 

 

 

 

(20,520

)

 

 

(5,760

)

Intangible assets, net

 

 

 

$

205,670

 

 

$

25,124

 

Schedule of amortization expense of intangible assets

The following table summarizes estimated future amortization expense of intangible assets placed in service at September 30, 2022 for the years ending:

 

Remainder of 2022

 

 

 

 

 

$

5,846

 

2023

 

 

 

 

 

 

23,109

 

2024

 

 

 

 

 

 

22,977

 

2025

 

 

 

 

 

 

22,977

 

2026

 

 

 

 

 

 

22,977

 

Thereafter

 

 

 

 

 

 

105,632

 

 

 

 

 

 

 

$

203,518