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Goodwill and Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4.Goodwill and Intangible Assets ​ The change in the carrying amount of goodwill for the three months ended March 31, 2024 was as follows (in thousands): ​
​ | ​ | ​ | ​
Balance - January 1, 2024 |  | $ | 2,075
Foreign currency translation adjustment | ​ |  | (19)
Balance - March 31, 2024 | ​ | $ | 2,056
​ The fair value measurement of goodwill for the Agility segment was classified within Level 3 of the fair value hierarchy because the Company used the income approach, which utilizes significant inputs that are unobservable in the market and the market multiple approach using comparable entities to further validate the carrying values. The Company believes it made reasonable estimates and assumptions to calculate the fair value of the reporting unit as of the impairment test measurement date. The carrying value of Goodwill was $2.1 million as of March 31, 2024 and December 31, 2023. Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Foreign | ​ | ​ | ​
​ | ​ | Gross | ​ | ​ | ​ | ​ | Currency | ​ | Net
​ | ​ | Carrying | ​ | Accumulated | ​ | Translation | ​ | Carrying
​ |  | Value |  | Amortization |  | Adjustment |  | Value
Acquired Intangible Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Developed technology | ​ | $ | 3,060 | ​ | $ | (2,770) | ​ | $ | (2) | ​ | $ | 288
Customer relationships |  | ​ | 2,144 |  | ​ | (1,726) |  | ​ | (10) |  | ​ | 408
Trademarks and tradenames |  | ​ | 862 |  | ​ | (796) |  | ​ | - |  | ​ | 66
Patents |  | ​ | 44 |  | ​ | (42) |  | ​ | (1) |  | ​ | 1
Media Contact Database | ​ | ​ | 3,546 | ​ | ​ | (2,748) | ​ | ​ | - | ​ | ​ | 798
Total Acquired Intangible Assets | ​ | $ | 9,656 | ​ | $ | (8,082) | ​ | $ | (13) | ​ | $ | 1,561
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Capitalized Developed Software | ​ | $ | 16,114 | ​ | $ | (7,719) | ​ | $ | (128) | ​ | $ | 8,267
Capitalized Developed Software - in Progress | ​ |  | 3,997 | ​ |  | - | ​ |  | - | ​ |  | 3,997
Total Capitalized Developed Software | ​ | $ | 20,111 | ​ | $ | (7,719) | ​ | $ | (128) | ​ | $ | 12,264
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 29,767 | ​ | $ | (15,801) | ​ | $ | (141) | ​ | $ | 13,825
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Foreign | ​ | ​ | ​
​ | ​ | Gross | ​ | ​ | ​ | ​ | Currency | ​ | Net
​ |  | Carrying |  | Accumulated |  | Translation | ​ | Carrying
​ |  | Value |  | Amortization |  | Adjustment |  | Value
Acquired Intangible Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Developed technology | ​ | $ | 2,999 | ​ | $ | (2,640) | ​ | $ | 7 | ​ | $ | 366
Customer relationships | ​ | ​ | 2,096 | ​ | ​ | (1,645) | ​ | ​ | 10 | ​ | ​ | 461
Trademarks and tradenames | ​ | ​ | 852 | ​ | ​ | (774) | ​ | ​ | 2 | ​ | ​ | 80
Patents | ​ |  | 43 | ​ |  | (40) | ​ | ​ | - | ​ | ​ | 3
Media Contact Database | ​ | ​ | 3,492 | ​ | ​ | (2,621) | ​ | ​ | 16 | ​ | ​ | 887
Total Acquired Intangible Assets | ​ | $ | 9,482 | ​ | $ | (7,720) | ​ | $ | 35 | ​ | $ | 1,797
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ | $ | 15,216 | ​ | $ | (6,862) | ​ | $ | 138 | ​ | $ | 8,492
Capitalized Developed Software - in Progress | ​ | ​ | 3,480 | ​ | ​ | - | ​ | ​ | (11) | ​ | ​ | 3,469
Total Capitalized Developed Software | ​ | $ | 18,696 | ​ | $ | (6,862) | ​ | $ | 127 | ​ | $ | 11,961
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 28,178 | ​ | $ | (14,582) | ​ | $ | 162 | ​ | $ | 13,758
​ Amortization expense relating to acquired intangible assets was $0.2 million for each of the three-month periods ended March 31, 2024 and 2023. Amortization expense relating to capitalized developed software was $0.7 million and $0.6 million for the three months ended March 31, 2024 and 2023, respectively. As of March 31, 2024, estimated future amortization expense for intangible assets was as follows (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amortization
2024 | ​ | $ | 4,250
2025 | ​ | ​ | 4,335
2026 | ​ | ​ | 3,071
2027 | ​ | ​ | 821
2028 | ​ | ​ | 640
Thereafter | ​ | ​ | 708
​ | ​ | $ | 13,825
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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