Kaleyra, Inc. Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2019

6. GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

Goodwill as of December 31, 2019 and 2018 was as follows (in thousands):

Intangible assets, net

Intangible assets consisted of the following (in thousands):

	As of December 31,
	2019						2018
	Gross		Accumulated amortization		Net		Gross		Accumulated amortization		Net
Amortizable Intangible Assets
Developed technology	$	2,775	$	952	$	1,823	$	2,810	$	310	$	2,500
Customer relationships		9,077		1,631		7,446		9,243		555		8,688
Patent		113		29		84		99		11		88
Total amortizable intangible assets	$	11,965	$	2,612	$	9,353	$	12,152	$	876	$	11,276

Amortization expense was $1.8 million and $860,000 for the years ended December 31, 2019 and 2018, respectively.

Total estimated future amortization expense as of December 31, 2019 is as follows (in thousands):