Note 6 — Intangible assets, Net

Intangible assets, net at June 30, 2025 and December 31, 2024, are summarized as follows:

Trademarks and domain names have no amortization as the Company recognizes these identified intangibles assets as having an indefinite useful life. The Company considered various economic and competitive factors, including but not limited to, the life of trademarks that have been in existence with trademarks generally in the casino industry. The Company expects to generate cash flows from these intangible assets for an indefinite period of time. The Company’s trademarks and domain names are located in Europe. There was no impairment during the three and six months ended June 30, 2025 and 2024.

For the six months ended June 30, 2025 and 2024, the Company capitalized costs of $278 thousand and $144 thousand incurred with respect to internal-use software, respectively. The customer database was fully amortized in 2014, but was still in use through June 30, 2025. The Company recorded $70 thousand and $47 thousand in amortization expense on internal-use software for the three months ended  June 30, 2025 and 2024, respectively, which is included in general and administrative expenses in the condensed consolidated statements of operations. The Company recorded $132 thousand and $88 thousand in amortization expense on internal-use software for the six months ended June 30, 2025 and 2024, respectively, which is included in general and administrative expenses in the condensed consolidated statements of operations. The Company’s internal use software is in use in Europe.