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:


	Nine Months Ended September 30, 2026
Goodwill balance as of January 1, 2026	$	14,327
Effect of foreign currency translation		(208	)
Goodwill balance as of September 30, 2026	$	14,119

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 intangible asset was fully amortized as of September 30, 2026.

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


	Nine Months Ended September 30, 2026
Intangible asset balance as of January 1, 2026	$	1,749
Effect of foreign currency translation		(25	)
Intangible asset balance as of September 30, 2026		1,724
Accumulated amortization		(1,724	)
Intangible asset, net	$	-