Company: INGN
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0000950170-25-029993
Chunk: 249

Company: Inogen Inc
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 249
---
 months ended

        December 31,

        2023

        2022

        Total revenue
         
        $
        318,737

        $
        379,305

        Net loss
         
        $
        (105,230
        )
         
        $
        (87,079
        )

4. Goodwill and other identifiable intangible assets GoodwillThe changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023 were as follows: 

        Balance as of December 31, 2022
         
        $
        32,852

        Translation adjustment

        344

        Impairment charge

        (32,894
        )

        Acquisition

        9,755

        Balance as of December 31, 2023

        10,057

        Translation adjustment

        (592
        )

        Balance as of December 31, 2024
         
        $
        9,465

      As a result of a decrease in Company’s public stock price that caused the Company's market capitalization to fall below its carrying amount (stockholders' equity) during July 2023 and noted by management to be more than temporary as the quarter progressed, a quantitative analysis was required to be performed during the quarter ended September 30, 2023. The Company used a discounted cash flow analysis based on Level 3 inputs and determined that the goodwill carrying amount exceeded its fair value and, as such, an impairment charge of $32,894 was incurred in the quarter ended September 30, 2023. Accumulated impairment losses were $32,894 as of December 31, 2024 and 2023.Intangible assets There were no impairment losses related to the Company’s intangible assets as of December 31, 2024 and 2023. Amortization expense for intangible assets for the years ended December 31, 2024, 2023 and 2022 was as follows: 

        Years ended December 31,

        2024

        2023

        2022

        Research and development expense
         
        $
        3,319

        $
        986

        $
        7,813

        Sales and marketing expense

        798

        155

        116

        General and administrative expense

        213

        61

        540

        Total