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INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
INTANGIBLE ASSETS, NET
6. INTANGIBLE ASSETS, NET

On March 6, 2024, we entered into an Intellectual Property Asset Purchase Agreement with Zulily ABC, LLC ("Zulily") to acquire certain intellectual property related to the Zulily brand. The aggregate purchase price, inclusive of direct acquisition-related expenses totaled $4.9 million which has been allocated to two major asset categories consisting of $4.1 million, for trade names with an indefinite useful life and $716,000 for customer lists with an estimated useful life of five years.
Intangible assets, net consist of the following (in thousands):
 March 31,
2024		December 31,
2023
Intangible assets subject to amortization, gross (1)$6,047 $5,331 
Less: accumulated amortization of intangible assets(2,351)(2,114)
Intangible assets subject to amortization, net3,696 3,217 
Intangible assets not subject to amortization27,385 22,037 
Total intangible assets, net$31,081 $25,254 
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(1)    At March 31, 2024, the weighted average remaining useful life for intangible assets subject to amortization, gross was 4.4 years.