Note 8. Goodwill and Intangible Assets

The Company recognized amortization expense of $25 thousand and $11 thousand to costs of goods sold and operating expense, respectively, during the three months ended September 30, 2022. The Company recognized amortization expense of $31 thousand and $11 thousand to costs of goods sold and operating expense, respectively, during the nine months ended September 30, 2022. Revenue is the basis for the economic pattern used to determine the amortization schedule of developed technology and customer relationships. Trade name intangible amortization is based on the term in which we anticipate continued use of the asset. The estimated future amortization expense for amortizable assets to be recognized is as follows as of September 30, 2022 (in thousands):