v3.26.1
INTANGIBLE ASSETS, NET
3 Months Ended
Mar. 31, 2026
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

Note 6 Intangible assets, Net 

 

Intangible assets, net at March 31, 2026 and December 31, 2025, are summarized as follows:

 

 

 

March 31, 2026

 

 

 

Weighted Average Amortization Period (years)

 

Gross Carrying Amount

 

Accumulated Amortization

 

Accumulated Impairment Amount

 

Net Carrying Amount

 

Domain name

 

Indefinite

 

$

5,458

 

$

 

$

 

$

5,458

 

Capitalized license

 

Indefinite

 

 

4,744

 

 

 

 

 

 

4,744

 

Capitalized software

 

5

 

 

1,192

 

 

(679)

 

 

 

 

513

 

Trademarks

 

Indefinite

 

 

2

 

 

 

 

 

 

2

 

 

 

 

 

$

11,396

 

$

(679)

 

$

 

$

10,717

 

 

 

 

December 31, 2025

 

 

 

Weighted Average Amortization Period (years)

 

Gross Carrying Amount

 

Accumulated Amortization

 

Accumulated Impairment Amount

 

Net Carrying Amount

 

Domain name

 

Indefinite

 

$

5,549

 

$

 

$

 

$

5,549

 

Capitalized license

 

Indefinite

 

 

4,412

 

 

 

 

 

 

4,412

 

Capitalized software

 

5

 

 

1,187

 

 

(643)

 

 

 

 

544

 

Trademarks

 

Indefinite

 

 

2

 

 

 

 

 

 

2

 

 

 

 

 

$

     11,150

 

$

(643)

 

$

 

$

         10,507

 

 

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 and the US. There was no impairment during the three months ended March 31, 2026 and 2025.

 

For the three months ended March 31, 2026 and 2025, the Company capitalized costs of $0.02 million and $0 incurred with respect to internal-use software, respectively. The Company recorded $0.03 million and $0.06 million in amortization expense on internal-use software for the three months ended March 31, 2026 and 2025, 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.