
		As of September 30, 2022						As of December 31, 2021
	Useful Life	Gross Value		Accumulated Amortization		Net Value		Gross Value		Accumulated Amortization		Net Value
	(in years)
Goodwill	n/a	$	4,405	$	—	$	4,405	$	4,614	$	—	$	4,614

Internal-use software	3	$	5,380	$	2,519	$	2,861	$	3,862	$	2,077	$	1,785
Trade names & trademarks	n/a	4,518		—		4,518		3,329		—		3,329
Customer contracts	7	1,069		141		928		1,194		30		1,164
Acquired software	6 - 9	23,275		3,240		20,035		23,324		1,156		22,168
Total intangible assets, net		$	34,242	$	5,900	$	28,342	$	31,709	$	3,263	$	28,446

The amortization expense of intangible assets was approximately $1.1 million and $2.9 million for the three and nine months ended September 30, 2022, respectively, and $0.7 million and $2.0 million for the three and nine months ended September 30, 2021, respectively, and was recorded in selling, general and administrative expenses in the condensed consolidated statements of operations and comprehensive loss. The weighted average remaining life of internal-use software was 2.4 years and 1.6 years as of September 30, 2022 and December 31, 2021, respectively. The weighted average remaining life of acquired software was 4.4 years and 4.8 years as of September 30, 2022 and December 31, 2021, respectively. Changes in the carrying amount of goodwill of less than $0.1 million and $0.2 million during the three and nine months ended September 30, 2022, respectively, were the result of foreign currency translation adjustments and the acquisition of a corporate-owned studio.

The Company assesses potential impairment of its amortizable intangible assets whenever events or circumstances indicate that the carrying amount of an asset may not be recoverable. During the three months ended September 30, 2022, management identified qualitative factors that collectively indicated the Company had a triggering event in which the carrying amount may not be recoverable, including (i) revision of forward guidance (ii) a reduction in force implemented by the Company and (iii) a sustained decrease in the Company stock price. As a result of the quantitative assessment, the Company recognized an impairment charge of $0.1 million during the three and nine months ended September 30, 2022. No impairment charges were recorded during the three and nine months ended September 30, 2021

As of September 30, 2022, the expected amortization of intangible assets for future periods, excluding those assets not yet placed in service as of September 30, 2022, is as follows (in thousands):