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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2025
Intangible Assets and Goodwill |
Intangible Assets And Goodwill | 8. Intangible Assets and Goodwill Acquired intangible assets subject to amortization consisted of the following (in thousands):
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer relationships |  | $ | 26,073 |  |  | $ | (8,403 | ) |  | $ | 17,670 |  |  | $ | 26,073 |  |  | $ | (7,403 | ) |  | $ | 18,670 |
Developed technologies |  |  | 4,900 |  |  |  | (3,446 | ) |  |  | 1,454 |  |  |  | 4,900 |  |  |  | (3,081 | ) |  |  | 1,819 |
Trademark and trade names |  |  | 400 |  |  |  | (400 | ) |  |  | - |  |  |  | 400 |  |  |  | (361 | ) |  |  | 39 |
Capitalized software development costs |  |  | 410 |  |  |  | (103 | ) |  |  | 307 |  |  |  | - |  |  |  | - |  |  |  | - |
Total acquired intangible assets |  | $ | 31,783 |  |  | $ | (12,352 | ) |  | $ | 19,431 |  |  | $ | 31,373 |  |  | $ | (10,845 | ) |  | $ | 20,528 |
As of June 30, 2025, the weighted average remaining useful life for customer relationships was 11.9 years, developed technologies was 1.9 years, and capitalized software development costs was 0.8 years. Amortization expense for customer relationships intangible assets is included in selling and marketing expenses, amortization expense for developed technologies intangible assets is included in cost of software solutions revenue, amortization expense for trademark and trade name intangible assets is included in general and administrative expenses, amortization expense for capitalized software development costs intangible assets is included in general and administrative expenses. The following table summarizes the amortization expense by financial statement line item (in thousands):
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cost of software solutions revenue |  | $ | 183 |  |  | $ | 203 |  |  | $ | 365 |  |  | $ | 406 |
Selling and marketing |  |  | 499 |  |  |  | 526 |  |  |  | 1,000 |  |  |  | 1,053 |
General and administrative |  |  | 119 |  |  |  | 29 |  |  |  | 142 |  |  |  | 59 |
Total amortization expense |  | $ | 801 |  |  | $ | 758 |  |  | $ | 1,507 |  |  | $ | 1,518 |
As of June 30, 2025, annual amortization of definite lived intangible assets, based on existing intangible assets and current useful lives, is estimated to be the following (in thousands):
Year ending December 31, |  |  |
2025 remaining |  | $ | 1,570 |
2026 |  |  | 2,560 |
2027 |  |  | 2,202 |
2028 |  |  | 1,637 |
2029 |  |  | 1,557 |
2030 and thereafter |  |  | 9,905 |
Total |  | $ | 19,431 |
The following table provides a summary of changes in the carrying amounts of goodwill (in thousands):
|  | Goodwill |
Balance at January 1, 2024 |  | $ | 9,454 |
Additions |  |  | - |
Balance at December 31, 2024 |  | $ | 9,454 |
Additions |  |  | - |
Balance at June 30, 2025 |  | $ | 9,454 |

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- 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
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