GOODWILL AND INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2026

11.GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

The following table represents a roll-forward of goodwill:


	June 30, 2026		December 31, 2025
Balance, beginning of period	$	13,605	$	30,205
Impairment		—		(16,600)
Balance, end of period	$	13,605	$	13,605

During the three and six months ended June 30, 2026 and 2025, management determined there were no triggering events or changes in circumstances that would indicate the carrying value of the Company’s goodwill is not recoverable. As such, no quantitative assessment for impairment was required. No goodwill impairment charges were recorded during each of the three and six months ended June 30, 2026 and 2025.

Intangible Assets, Net

Intangible assets, net consisted of the following:


	June 30, 2026
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Domain names	$	2,034	$	(916)	$	1,118
Developed technology		600		(120)		480
Customer relationships		300		(37)		263
Patents		37		(23)		14
Non-compete		—		—		—
Licenses		4		(4)		—
Total	$	2,975	$	(1,100)	$	1,875


	December 31, 2025
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Amount
Domain names	$	2,034	$	(797)	$	1,237
Developed technology		600		(90)		510
Customer relationships		595		(64)		531
Patents		37		(22)		15
Non-compete		10		(6)		4
Licenses		4		(4)		—
Total	$	3,280	$	(983)	$	2,297

Total amortization expense related to intangible assets was $0.1 million and $0.2 million for the three and six months ended June 30, 2026, respectively and $0.1 million and $0.1 million for the three and six months ended June 30, 2025, respectively.

The estimated useful life of the intangible assets is as follows:


		Useful life in years
Developed technology		6 - 10
Domain names		3 - 13
Customer relationships		15 - 20
Patents		12
Non-compete		3
Licenses		5

In connection with the acquisition of the property management business, DOOR Property Management, LLC (“DPM

”), a wholly owned subsidiary of the Company, entered into a Management Advisory Agreement under which the sellers provided operational management and business development services for the property management business. On June 26, 2026, DPM entered into a Settlement Agreement (the “Settlement Agreement”) with the counterparties to terminate the Management Advisory Agreement and assign certain property management agreements to the counterparties for nominal consideration.

As a result of the Settlement Agreement, the Company recognized a loss of $0.3 million on the derecognition of customer relationship and non-compete intangible assets, recorded within general and administrative expense on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Loss, as the economic benefit associated with these assets was relinquished and the underlying agreements were terminated.

There was no other intangible asset impairment expense recorded in the three and six months ended June 30, 2026 and 2025.