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Goodwill and Other Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2024
Goodwill and Other Intangible Assets, Net [Abstract] |
Goodwill and Other Intangible Assets, Net | 13. Goodwill and Other Intangible Assets, Net Goodwill As of December 31, 2024 and 2023, the Company’s carrying amount of goodwill was $2,319,000 and $1,989,000, respectively. As of December 31, 2024, $1,989,000 of the Company’s carrying amount of goodwill came from the Company’s acquisition of RISE and $330,000 came from the Company’s acquisition of GE. As of December 31, 2024 and 2023, management concluded that there have been no impairments to the carrying value of the Company’s goodwill and no impairment charges related to goodwill were recognized during the years ended December 31, 2024 and 2023. Refer to Note 2 – Summary of Significant Accounting Policies for further information. Other Intangible Assets, Net As a result of the Company’s acquisition of GE, the Company acquired intangible assets consisting of GE artist contracts, the fair value of which were $778,000 as of the acquisition date. Amortization commenced upon acquisition and is recognized over its estimated useful life of 4 years. Amortization expense for the intangible asset totaled $81,000 for the year ended December 31, 2024. As of December 31, 2024, the Company estimates the following future amortization of other intangible assets:
Year |  | Amount |
2025 |  | $ | 194,000 |
2026 |  |  | 194,000 |
2027 |  |  | 194,000 |
2028 |  |  | 115,000 |
Total |  | $ | 697,000 |

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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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