v3.26.1
Note 3 - Intangible Assets, Net
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

3. Intangible assets, net

 

Intangible assets, net, other than goodwill, consist of the following: 

 

 

 

Amortization period (in years)

 

 

June 30, 2026

 

 

December 31, 2025

 

Gross amount:

 

 

 

 

 

 

 

 

 

 

 

 

Software developed for internal use

 

 

3

 

 

$29,840

 

 

$28,141

 

Acquired proprietary technology

 

 

3-5

 

 

 

13,482

 

 

 

14,282

 

Customer relationships

 

 

5-10

 

 

 

34,986

 

 

 

36,686

 

Trade names

 

 

4-20

 

 

 

16,657

 

 

 

16,657

 

Domain names

 

 

20

 

 

 

191

 

 

 

195

 

Databases

 

 

5-10

 

 

 

31,292

 

 

 

31,292

 

Non-compete agreements

 

 

2-5

 

 

 

1,768

 

 

 

1,768

 

Total gross amount

 

 

 

 

 

 

128,216

 

 

 

129,021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Software developed for internal use

 

 

 

 

 

 

(20,929)

 

 

(19,305)

Acquired proprietary technology

 

 

 

 

 

 

(13,482)

 

 

(14,282)

Customer relationships

 

 

 

 

 

 

(34,986)

 

 

(36,472)

Trade names

 

 

 

 

 

 

(8,938)

 

 

(8,529)

Domain names

 

 

 

 

 

 

(101)

 

 

(97)

Databases

 

 

 

 

 

 

(31,292)

 

 

(31,292)

Non-compete agreements

 

 

 

 

 

 

(1,768)

 

 

(1,768)

Total accumulated amortization

 

 

 

 

 

 

(111,496)

 

 

(111,745)

 

 

 

 

 

 

 

 

 

 

 

 

 

Net intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Software developed for internal use

 

 

 

 

 

 

8,911

 

 

 

8,836

 

Customer relationships

 

 

 

 

 

 

-

 

 

 

214

 

Trade names

 

 

 

 

 

 

7,719

 

 

 

8,128

 

Domain names

 

 

 

 

 

 

90

 

 

 

98

 

Total intangible assets, net

 

 

 

 

 

$16,720

 

 

$17,276

 

 

The gross amounts associated with software developed for internal use primarily represent capitalized costs of internally developed software. The amounts relating to customer relationships, trade names, and domain names primarily represented the fair values of intangible assets acquired as a result of the acquisition of Fluent, LLC, effective December 8, 2015; the acquisition of Q Interactive, LLC, effective June 8, 2016; the acquisition of substantially all the assets of AdParlor Holdings, Inc. and certain of its affiliates, effective July 1, 2019; and previously the acquisition of a 50% interest in Winopoly, LLC, effective April 1, 2020On January 31, 2026, the Company entered into a membership interest purchase agreement to divest its 100% interest in Winopoly, LLC, and accordingly deconsolidated the entity under ASC 810 (see Note 12, Divestiture for details).

 

The Company completed its quarterly triggering event assessment for the three months ended  June 30, 2026 and determined that no triggering event had occurred requiring further impairment assessment of its long-lived assets.

 

Amortization expenses of $1,701 and $2,407 for the three months ended  June 30, 2026 and 2025, respectively, and $3,363 and $4,798 for the six months ended June 30, 2026 and 2025, respectively, are included in depreciation and amortization expenses in the consolidated statements of operations. As of  June 30, 2026, intangible assets with a carrying amount of $546, included in the gross amount of software developed for internal use, have not commenced amortization, as they are not ready for their intended use. 

 

As of  June 30, 2026, estimated amortization expenses related to the Company's intangible assets for the remainder of 2026 and through 2031 and thereafter are as follows:

 

Year

 

June 30, 2026

 

Remainder of 2026

 

$1,899

 

2027

 

 

3,798

 

2028

 

 

3,798

 

2029

 

 

2,313

 

2030

 

 

827

 

2031 and thereafter

 

 

4,085

 

Total

 

$16,720