| Intangible Assets, Net |
NOTE 6 – INTANGIBLE ASSETS, NET Website acquisitions, net, consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
December 31, 2025 |
|
(in thousands) |
|
|
|
|
|
|
Website acquisition assets |
|
$ |
1,221 |
|
|
$ |
1,221 |
|
Less: accumulated amortization |
|
|
(1,150 |
) |
|
|
(1,147 |
) |
Website acquisition assets, net |
|
$ |
71 |
|
|
$ |
74 |
|
Other intangible assets, net, consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
December 31, 2025 |
|
|
|
Useful Life |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
(in thousands) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade name |
|
2 - 10 |
|
$ |
8,381 |
|
|
$ |
(4,568 |
) |
|
$ |
3,813 |
|
|
$ |
8,381 |
|
|
$ |
(4,415 |
) |
|
$ |
3,966 |
|
IP/technology |
|
10 |
|
|
5,821 |
|
|
|
(3,069 |
) |
|
|
2,752 |
|
|
|
5,821 |
|
|
|
(2,970 |
) |
|
|
2,851 |
|
Customer relationships |
|
5 - 10 |
|
|
13,380 |
|
|
|
(8,919 |
) |
|
|
4,461 |
|
|
|
13,380 |
|
|
|
(8,729 |
) |
|
|
4,651 |
|
Non-compete agreements |
|
3 - 5 |
|
|
402 |
|
|
|
(402 |
) |
|
|
- |
|
|
|
402 |
|
|
|
(402 |
) |
|
|
- |
|
Other intangible assets, net |
|
|
|
$ |
27,984 |
|
|
$ |
(16,958 |
) |
|
$ |
11,026 |
|
|
$ |
27,984 |
|
|
$ |
(16,516 |
) |
|
$ |
11,468 |
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
|
December 31, 2025 |
|
(in thousands) |
|
|
|
|
|
|
Website |
|
$ |
71 |
|
|
$ |
74 |
|
Other intangible assets |
|
|
11,026 |
|
|
|
11,468 |
|
Intangible assets, net |
|
$ |
11,097 |
|
|
$ |
11,542 |
|
Amortization expense for the three months ended March 31, 2026 and 2025, was approximately $445,000 and $485,000, respectively, included in general and administrative expense in the statements of operations and comprehensive loss. As of March 31, 2026, expected remaining amortization expense of intangible assets and website acquisition by fiscal year is as follows (in thousands):
|
|
|
|
|
Remainder of 2026 |
|
$ |
1,341 |
|
2027 |
|
|
1,788 |
|
2028 |
|
|
1,788 |
|
2029 |
|
|
1,785 |
|
2030 |
|
|
1,432 |
|
Thereafter |
|
|
2,963 |
|
Total expected amortization expense |
|
$ |
11,097 |
|
|