Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets

v3.22.4
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Intangible Assets, Gross (Excluding Goodwill) [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The changes in the carrying value of goodwill are as follows:

Goodwill balance, December 31, 2021 13,328 
Additions(1) 24,558 
Foreign currency translation 1,559 
Goodwill balance, December 31, 2022 $ 39,445 
_________
(1) Additions represent goodwill associated with the acquisition of Blade Europe. See Note 4 for additional information.
The following table presents information about the Company's intangible assets as of:

December 31, 2022 December 31, 2021
Estimated Useful Life
Gross
Carrying
Amount
Accumulated
Amortization

 
Net
Gross
Carrying
Amount

Accumulated
Amortization

Net
Exclusive rights to air transportation services(1)(2)
5-12 years
 $ 38,594  $ (3,473) $ 35,121  $ 12,357  $ (206) $ 12,151 
Customer list(1)
3-10 years
 12,077  (2,346) 9,731  11,542  (957) 10,585 
Domain name Indefinite 504  —  504  504  —  504 
Trademarks
6-10 years
 1,006  (136) 870  1,006  (51) 955 
Developed technology
3 years
 250  (111) 139  250  (24) 226 
Total $ 52,431  $ (6,066) $ 46,365  $ 25,659  $ (1,238) $ 24,421 
__________
(1) Includes intangible assets associated with the acquisition of Blade Europe. See Note 4 for additional information.
(2) Exclusive rights to air transportation services include exclusive rights to Helijet’s scheduled passenger routes in Canada acquired in 2021.
For the years ended December 31, 2022, September 30, 2021, and the transition period ended December 31, 2021, amortization of its finite-lived intangible assets were $4,895, $243 and $580, respectively.
As of December 31, 2022, the estimated amortization expense of its finite-lived intangible assets for each of the next five years are as follows:

For the Year Ended December 31,
2023 $ 6,166 
2024 6,034 
2025 5,883 
2026 5,606 
2027 3,475