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Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

9. Intangible Assets

 

Intangible assets subject to amortization consisted of the following:

 

   As of December 31, 2024   As of December 31, 2023 
    Weighted Average Useful Life (in years)    Carrying Amount    Accumulated Amortization    Net Carrying Amount    Carrying Amount    Accumulated Amortization    Net Carrying Amount 
Developed technology   4.70   $17,333   $(17,333)  $-   $17,333   $(17,333)  $- 
Trade name   16.10    5,181    (1,799)   3,382    5,181    (1,547)   3,634 
Brand name   9.50    12,115    (3,729)   8,386    12,774    (2,374)   10,400 
Subscriber relationships   8.50    2,150    (1,379)   771    2,150    (1,121)   1,029 
Advertiser relationships   9.90    14,519    (4,269)   10,250    15,182    (2,832)   12,350 
Database   3.00    1,140    (1,140)   -    1,140    (1,140)   - 
Digital content   2.00    355    (355)   -    355    (311)   44 
Total intangible assets       $52,793   $(30,004)  $22,789   $54,115   $(26,658)  $27,457 

 

Intangible assets subject to amortization were recorded as part of the Company’s business acquisitions. Amortization expense for the years ended December 31, 2024 and 2023 was $3,470 and $6,341, respectively, of which amortization expense for developed technology of $0 and $2,450, respectively, is included in cost of revenue on the consolidated statements of operations and comprehensive loss.

 

 

Impairment charges for the year ended December 31, 2024 of $1,198 was recorded as a result of the disposition of Fexy Studios intangible assets, including the advertiser relationships of $608 and brand names of $590, on the consolidated statements of operations and comprehensive loss. No impairment charges from continuing operations for the year ended December 31, 2023 was recorded for intangible assets.

 

Estimated total amortization expense for the next five years and thereafter related to the Company’s intangible assets subject to amortization as of December 31, 2024 is as follows:

 

Years Ending December 31,    
2025  $3,328 
2026   3,115 
2027   3,115 
2028   2,865 
2029   2,626 
Thereafter   7,740 
Intangible assets ,net  $22,789