Arteris Announces Financial Results for the Fourth Quarter and Full Year 2021 and Estimated First Quarter and Full Year 2022 Guidance

  Three Months Ended December 31,  Twelve Months Ended December 31,
   2021   2020   2021   2020
 (in thousands)
Research and development$2,850 $105 $3,495 $263
Sales and marketing 683  26  797  92
General and administrative 833  46  1,218  103
Total stock-based compensation expense$4,366 $177 $5,510 $458

(2) Includes advisory, legal, accounting, valuation, and other professional or consulting fees associated with the Magillem acquisition.
(3) Represents the amortization expenses of our intangible assets attributable to the Magillem acquisition.
(4) Includes amortization of acquired intangible assets as follows:

  Three Months Ended December 31,  Twelve Months Ended December 31,
    2021     2020     2021     2020
  (in thousands)
Research and development $ 85   $ 29   $ 340   $ 29
Sales and marketing   35     12     138     12
Total amortization $ 120   $ 41   $ 478   $ 41

Non-GAAP Net (Loss) Income and Non-GAAP EPS, Basic and Diluted

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