The Company’s goodwill and intangible asset relate to the purchase of Rahko Limited (“Rahko”) in 2021, which was accounted for as a business combination.

Goodwill

Goodwill and the effect of foreign currency translation is as follows:


	Six Months Ended June 30, 2026
Goodwill balance as of January 1, 2026	$	14,327
Effect of foreign currency translation		(227	)
Goodwill balance as of June 30, 2026	$	14,100

Intangible Asset

The Company’s intangible asset is comprised solely of developed technology and is being amortized using the straight-line method which reflects the pattern in which the economic benefits of the asset are consumed, over its estimated useful life of five years.

The following tables present the intangible asset, current and future amortization, and the effect of foreign currency translation:


	Six Months Ended June 30, 2026
Intangible asset balance as of January 1, 2026	$	1,749
Effect of foreign currency translation		(27	)
Intangible asset balance as of June 30, 2026		1,722
Accumulated amortization		(1,636	)
Intangible asset, net	$	86

Future amortization:
2026		86
Total future amortization	$	86