v3.26.1
GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS

5. GOODWILL AND INTANGIBLE ASSETS

 

Goodwill

 

Goodwill consisted of the following:

 

       
   As of December 31, 
   2025   2024 
         
Beginning balance  $-   $- 
           
Additions – See Note 16   5,165    - 
Ending balance  $5,165   $- 

 

Intangible Assets

 

Intangible assets, net consisted of the following

 

       
   As of December 31, 
   2025   2024 
         
Beginning balance  $178   $117 
           
Additions   980    86 
Impairment   (940)   - 
Amortization   (170)   (25)
Ending balance  $48   $178 

 

 

For the years ended December 31, 2025 and 2024, the Company amortized $170 and $25, respectively, of its intangible assets. See Note 16 – Acquisition.

 

Capitalized software development costs, net consisted of the following:

 

       
   As of December 31, 
   2025   2024 
         
Beginning balance  $2,992   $3,990 
           
Additions   100    - 
Impairment   (2,070)   - 
Amortization   (1,022)   (998)
Ending balance  $-   $2,992 

 

In 2020, the Company began developing MARKET.live, a livestream ecommerce platform, and has capitalized $7,131 of internal and external development costs as of December 31, 2025 and 2024, respectively. In October 2021, the Company entered into a 10-year license and services agreement with a third party (the “Primary Contractor”) to develop on a work-for-hire basis certain components of MARKET.live. The Primary Contractor’s fees for developing such components, including the license fee, is $5,750. The Primary Contractor was paid an additional $500 bonus in April 2022 for services rendered pursuant to the license and service agreement.

 

For the years ended December 31, 2025 and 2024, the Company amortized $1,022 and $998, respectively, of its capitalized software development costs.