Intangible Assets

3 Months Ended

Mar. 31, 2025

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Note 6. Intangible Assets

The following table summarizes the gross carrying amounts and accumulated amortization of the Company’s intangible assets by major class:


	March 31, 2025							December 31, 2024							Weighted Average
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Remaining Useful Life (Years) March 31, 2025
Customer relationships	$	67,279	$	(32,654	)	$	34,625	$	76,584	$	(34,867	)	$	41,717		7.6
Developed technology		22,129		(18,369	)		3,760		29,015		(23,662	)		5,353		6.3
Databases		29,138		(13,509	)		15,629		29,135		(12,988	)		16,147		7.6
Tradenames		9,325		(4,608	)		4,717		10,808		(5,100	)		5,708		7.4
Expert network		-		-			-		2,654		(1,715	)		939		-
Patents		844		(236	)		608		841		(232	)		609		17.2
Content library		592		(197	)		395		592		(183	)		409		6.7
Total	$	129,307	$	(69,573	)	$	59,734	$	149,629	$	(78,747	)	$	70,882

Finite-lived intangible assets are stated at cost, net of amortization, generally using the straight-line method over the expected useful lives of the intangible assets. Amortization of intangible assets, excluding developed technology, was $2,331 and $2,685 for the three months ended March 31, 2025 and 2024, respectively.

Amortization of developed technology was recorded as part of cost of revenues, including amortization in the amount of $206 and $765 for the three months ended March 31, 2025 and 2024, respectively.

The expected future amortization expense for intangible assets as of March 31, 2025 is as follows:


2025 (remainder)	$	6,286
2026		8,327
2027		8,318
2028		8,037
2029		7,721
Thereafter		21,045
Total	$	59,734

Capitalized software development costs

Capitalized software development costs are as follows:


	March 31, 2025							December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Capitalized software development costs	$	33,312	$	(20,844	)	$	12,468	$	34,946		(19,847	)	$	15,099

During the three months ended March 31, 2025 and 2024, the Company capitalized interest on capitalized software development costs in the amount of $85 and $132, respectively. Amortization of capitalized software development costs was recorded as part of cost of revenues, including amortization in the amount of $3,326 and $1,663 for the three months ended March 31, 2025 and 2024, respectively. The estimated useful life is determined at the time each project is placed in service.