Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amounts of Goodwill

The following table summarizes the changes in the carrying amounts of goodwill (in thousands):

 

 

Carrying
Amount

 

Balance - December 31, 2022:

 

$

—

 

Acquisition of Cultured Foods

 

 

334

 

Translation adjustment

 

 

8

 

Balance - December 31, 2023:

 

$

342

 
As of
Summary of Intangible Assets Related Accumulated Amortization

The following table summarizes the intangible assets and the related accumulated amortization (in thousands):

 

 

December 31,
2023

 

 

December 31,
2022

 

Gross carrying amount

 

$

79

 

 

$

251

 

Accumulated amortization

 

 

(1

)

 

 

-

 

Net carrying amount

 

$

78

 

 

$

251

 
Summary of Changes in Carrying Amounts of Intangible Assets

Changes in the carrying amounts of intangible assets are summarized below (in thousands):

 

In-process research and development

 

 

Trade names

 

 

Customer relationships

 

 

Total

 

Balance - December 31, 2021:

 

$

1,485

 

 

$

—

 

 

$

—

 

 

$

1,485

 

Impairment

 

 

(1,234

)

 

 

—

 

 

 

—

 

 

 

(1,234

)

Balance - December 31, 2022:

 

 

251

 

 

 

—

 

 

 

—

 

 

 

251

 

Impairment

 

 

(251

)

 

 

—

 

 

 

—

 

 

 

(251

)

Acquisition of Cultured Foods

 

 

—

 

 

 

52

 

 

 

26

 

 

 

78

 

Amortization

 

 

—

 

 

 

(1

)

 

 

—

 

 

 

(1

)

Translation adjustments

 

 

—

 

 

 

1

 

 

 

—

 

 

 

1

 

Balance - December 31, 2023:

 

$

—

 

 

$

52

 

 

$

26

 

 

$

78