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Goodwill and Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets  
Schedule of changes in goodwill

 

 

Bigstock

 

WebDAM

 

Consolidated

 

Balance as of December 31, 2013

 

$

1,423 

 

$

 

$

1,423 

 

Goodwill related to acquisition

 

 

8,763 

 

8,763 

 

Balance as of September 30, 2014

 

$

1,423 

 

$

8,763 

 

$

10,186 

 

 

Schedule of intangible assets

 

 

As of September 30, 2014

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Weighted
Average Life
(Years)

 

 

 

 

 

 

 

 

 

 

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationship

 

$

3,400

 

$

(821

)

$

2,579

 

6

 

Trade name

 

900

 

(198

)

702

 

9

 

Developed technology

 

600

 

(47

)

553

 

7

 

Contributor content

 

450

 

(151

)

299

 

15

 

Patents

 

193

 

(27

)

166

 

17

 

Domain name

 

97

 

(17

)

80

 

14

 

Total(1)

 

$

5,640

 

$

(1,261

)

$

4,379

 

 

 

 

(1): During the three months ended September 30, 2014, the Company acquired the non-exclusive licensing rights to distribute digital content in perpetuity in the amount of $331. The Company has not yet placed the digital content into service and therefore is excluded from the table.

 

 

 

As of December 31, 2013

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net
Carrying
Amount

 

Weighted
Average Life
(Years)

 

Amortizing intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationship

 

$

600

 

$

(600

)

$

 

4

 

Trade name

 

400

 

(119

)

281

 

14

 

Contributor content

 

450

 

(127

)

323

 

15

 

Patents

 

193

 

(21

)

172

 

17

 

Domain name

 

86

 

(9

)

77

 

15

 

Total

 

$

1,729

 

$

(876

)

$

853