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

5. Intangible Assets, net

The following table summarizes intangible assets (in thousands):

 

 

 

December 31, 2024

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Domain names

 

$

697

 

 

$

—

 

 

$

697

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Software developed for sale

 

 

348

 

 

 

(19

)

 

 

329

 

Total intangible assets

 

$

1,045

 

 

$

(19

)

 

$

1,026

 

 

During the year ended December 31, 2024, the Company acquired domain names resulting in capitalized intangible assets of approximately $0.7 million. The Company determined that the domain names have an indefinite useful life and are therefore not subject to amortization. The Company assesses its intangible assets for impairment annually, or more frequently if circumstances dictate. No indefinite-lived intangible asset impairment charges were recorded during the year ended December 31, 2024.

During the year ended December 31, 2024, the Company capitalized approximately $0.3 million of costs associated with software developed for sale. The software was placed in service in November 2024 and is being amortized on a straight-line basis over a three-year useful life. Amortization expense was $19 thousand for the year ended December 31, 2024, and is recorded in cost of revenue.