v3.25.1
Goodwill and Other Intangible Assets
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill is reviewed for impairment at least annually, absent any interim indicators of impairment. Goodwill was $4.6 million as of both March 31, 2025 and December 31, 2024. There were no additions to or impairments of goodwill during the three months ended March 31, 2025 and 2024.
The gross carrying amounts and accumulated amortization of the Company’s intangible assets with determinable lives as of March 31, 2025 and December 31, 2024 were as follows:
March 31, 2025
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
Finite-lived intangible assets:
Customer relationships and licenses$7,686 $(2,964)$4,722 
Media brand1,250 (833)417 
Developed technology1,073 (796)277 
Trademarks1,052 (425)627 
Total finite-lived intangible assets11,061 (5,018)6,043 
Indefinite-lived intangible assets177 — 177 
Total intangible assets$11,238 $(5,018)$6,220 
December 31, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying Amount
(in thousands)
Finite-lived intangible assets:
Customer relationships and licenses$7,686 $(2,681)$5,005 
Media brand1,250 (677)573 
Developed technology1,073 (732)341 
Trademarks1,052 (382)670 
Total finite-lived intangible assets11,061 (4,472)6,589 
Indefinite-lived intangible assets177 — 177 
Total intangible assets$11,238 $(4,472)$6,766 
Amortization expense related to customer relationships and licenses, media brand, developed technology, and trademarks, is recorded in depreciation and amortization within the Company’s condensed consolidated statements of operations. Amortization expense of intangible assets with determinable lives was $0.5 million and $0.5 million for the three months ended March 31, 2025 and 2024, respectively.