XML 26 R10.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Dec. 31, 2024
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets The changes in the carrying amount of goodwill for the year ended December 31, 2024 were as follows (in thousands): ​
​ | ​ | ​ | ​
​ | ​ | Amount
Balance - January 1, 2024 |  | $ | 2,075
Foreign currency translation adjustment | ​ |  | (77)
Balance - December 31, 2024 | ​ | $ | 1,998
​ As of September 30, 2024, the Company performed its annual goodwill impairment analysis on its reporting unit with goodwill, the Agility segment. It involved a quantitative goodwill impairment test and estimated the fair value based on a combination of the income approach (estimates of future discounted cash flows) and the market approach (market multiples for similar companies) using unobservable inputs (Level 3). The income approach uses a discounted cash flow (“DCF”) method that utilizes the present value of cash flows to estimate the segment’s fair value. The future cash flows of the segment were projected based on the Company’s estimates of future revenues, operating income, and other factors such as working capital and capital expenditures. As part of the DCF analysis, the Company projected revenue and operating profits and assumed long-term revenue growth rates in the terminal year. The market approach utilizes multiples of revenues and earnings before interest expense, taxes, depreciation, and amortization (“EBITDA”) to estimate the segment’s fair value. The market multiples used for the segment were based on a group of comparable companies’ market multiples applied to the Company’s revenue. The Company concluded that there is no impairment of goodwill. 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 $2.0 million and $2.1 million as of December 31, 2024, and 2023, respectively. Intangibles Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | ​ |  | ​ |  | Foreign Currency |  | ​
​ | ​ | Gross | ​ | Accumulated | ​ | Translation | ​ | Net
​ | ​ | Carrying Value | ​ | Amortization | ​ | Adjustment | ​ | Carrying Value
Acquired Intangible Assets |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​
Developed technology | ​ | $ | 3,060 | ​ | $ | (2,911) | ​ | $ | (3) | ​ | $ | 146
Customer relationships | ​ |  | 2,144 | ​ |  | (1,856) | ​ |  | (29) | ​ |  | 259
Trademarks and tradenames | ​ |  | 862 | ​ |  | (826) | ​ |  | - | ​ |  | 36
Patents | ​ |  | 44 | ​ |  | (44) | ​ |  | - | ​ |  | -
Media Contact Database | ​ |  | 3,546 | ​ |  | (3,016) | ​ |  | (1) | ​ |  | 529
Total Acquired Intangible Assets | ​ | $ | 9,656 | ​ | $ | (8,653) | ​ | $ | (33) | ​ | $ | 970
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Capitalized Developed Software | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Capitalized Developed Software | ​ | $ | 19,811 | ​ | $ | (10,507) | ​ | $ | (463) | ​ | $ | 8,841
Capitalized Developed Software - in Progress | ​ |  | 3,552 | ​ |  | - | ​ |  | (10) | ​ |  | 3,542
Total Capitalized Developed Software | ​ | $ | 23,363 | ​ | $ | (10,507) | ​ | $ | (473) | ​ | $ | 12,383
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total | ​ | $ | 33,019 | ​ | $ | (19,160) | ​ | $ | (506) | ​ | $ | 13,353
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ |  | ​ |  | ​ |  | Foreign Currency |  | ​
​ | ​ | Gross | ​ | Accumulated | ​ | Translation | ​ | Net
​ | ​ | Carrying Value | ​ | Amortization | ​ | Adjustment | ​ | Carrying 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 approximately $0.8 million and $0.9 million for the years ended December 31, 2024 and 2023, respectively. Amortization expense relating to capitalized developed software was approximately $3.5 million and $2.7 million for the years ended December 31, 2024 and 2023, respectively. Estimated annual amortization expense for intangible assets subsequent to December 31, 2024 is as follows (in thousands): ​
​ | ​ | ​ | ​
Year |  | Amortization
2025 | ​ | $ | 5,636
2026 | ​ |  | 4,158
2027 | ​ | ​ | 2,675
2028 | ​ |  | 742
2029 | ​ |  | 110
Thereafter | ​ |  | 32
​ | ​ | $ | 13,353
​

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration