| INTANGIBLE ASSETS, NET |
6. INTANGIBLE ASSETS, NET The carry amounts of intangible assets, as of December 31, 2024 and 2025, consist of the below: | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | December 31, 2025 | | | Gross | | | | | Accumulated | | Net | | Gross | | | | | Accumulated | | Net | | | carrying | | Accumulated | | impairment | | carrying | | carrying | | Accumulated | | impairment | | carrying | | | amount | | amortization | | loss | | amount | | amount | | amortization | | loss | | amount | Intangible assets not subject to amortization: | | | | | | | | | | | | | | | | | | | | | | | | | Trademark/domain name | | $ | 1,220 | | $ | — | | $ | (1,010) | | $ | 210 | | $ | 1,220 | | $ | — | | $ | (1,010) | | $ | 210 | | | | | | | | | | | | | | | | | | | | | | | | | | Intangible assets subject to amortization: | | | | | | | | | | | | | | | | | | | | | | | | | - Technology platform | | | 90 | | | (90) | | | — | | | — | | | 90 | | | (90) | | | — | | | — | - Customer base | | | 32 | | | (22) | | | (10) | | | — | | | 32 | | | (22) | | | (10) | | | — | - Technology | | | 2,746 | | | (2,746) | | | — | | | — | | | 2,866 | | | (2,866) | | | — | | | — | - Branding | | | 6,472 | | | (3,937) | | | — | | | 2,535 | | | 6,755 | | | (4,785) | | | — | | | 1,970 | - Members | | | 20 | | | (20) | | | — | | | — | | | 20 | | | (20) | | | — | | | — | - Software | | | 72 | | | (72) | | | — | | | — | | | 75 | | | (75) | | | — | | | — | - Internal use software | | | 2,474 | | | (2,474) | | | — | | | — | | | 2,474 | | | (2,474) | | | — | | | — | | | $ | 13,126 | | $ | (9,361) | | $ | (1,020) | | $ | 2,745 | | $ | 13,532 | | $ | (10,332) | | $ | (1,020) | | $ | 2,180 |
The total amortization expenses incurred for the years ended December 31, 2023, 2024 and 2025 were $1,897, $779 and $657, respectively. The estimated amortization expense for intangible assets in each of the next five years and thereafter are $676, $676, $618, $nil and $nil, respectively. No impairment loss was recognized for intangible assets for the years ended December 31, 2023, 2024 and 2025.
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