XML 20 R9.htm IDEA: XBRL DOCUMENT

Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2025

3.Goodwill and Intangible Assets

Goodwill

The change in the carrying amount of goodwill for the three months ended March 31, 2025 was as follows (in thousands):


Balance - January 1, 2025	$	1,998
Foreign currency translation adjustment		20
Balance - March 31, 2025	$	2,018

The fair value measurement of goodwill of the Agility segment was conducted on September 30, 2024 and 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 for each of the periods ended March 31, 2025 and December 31, 2024.

Intangibles

Information regarding the Company acquired intangible assets and capitalized developed software was as follows (in thousands):


	March 31, 2025
					Foreign
	Gross				Currency		Net
	Carrying		Accumulated		Translation		Carrying
	Value		Amortization		Adjustment		Value
Acquired Intangible Assets
Developed technology	$	2,881	$	(2,760)	$	2	$	123
Customer relationships		1,965		(1,747)		-		218
Trademarks and tradenames		840		(813)		1		28
Patents		40		(40)		-		-
Media Contact Database		3,528		(3,087)		8		449
Total Acquired Intangible Assets	$	9,254	$	(8,447)	$	11	$	818

Capitalized Developed Software
Capitalized Developed Software	$	19,352	$	(10,903)	$	(1)	$	8,448
Capitalized Developed Software - in Progress		4,302		-		2		4,304
Total Capitalized Developed Software	$	23,654	$	(10,903)	$	1	$	12,752

Total	$	32,908	$	(19,350)	$	12	$	13,570


	December 31, 2024
					Foreign
	Gross				Currency		Net
	Carrying		Accumulated		Translation		Carrying
	Value		Amortization		Adjustment		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

Amortization expense relating to acquired intangible assets was $0.2 million for each of the three-month periods ended March 31, 2025 and 2024.

Amortization expense relating to capitalized developed software was $1.0 million and $0.7 million for the three months ended March 31, 2025 and 2024, respectively.

As of March 31, 2025, estimated future amortization expense for intangible assets was as follows (in thousands):


Year	Amortization
2025	$	4,833
2026		4,629
2027		3,130
2028		774
2029		100
Thereafter		104
	$	13,570