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Note 3 - Intangible Assets, Net

3 Months Ended

Mar. 31, 2023

Intangible Assets Disclosure [Text Block]

3. Intangible assets, net

Intangible assets, net, other than goodwill, consist of the following:

	*Amortization period (in years)*		*March 31, 2023*			*December 31, 2022*
Gross amount:
Software developed for internal use		3	$	15,403			13,740
Acquired proprietary technology		3-5		15,462			15,965
Customer relationships		5-10		38,068			38,068
Trade names		4-20		16,657			16,657
Domain names		20		195			195
Databases		5-10		31,292			31,292
Non-competition agreements		2-5		1,768			1,768
Total gross amount				118,845			117,685
Accumulated amortization:
Software developed for internal use				(9,076	)		(8,097	)
Acquired proprietary technology				(14,446	)		(14,305	)
Customer relationships				(35,404	)		(35,156	)
Trade names				(6,261	)		(6,038	)
Domain names				(70	)		(68	)
Databases				(24,170	)		(23,508	)
Non-competition agreements				(1,768	)		(1,768	)
Total accumulated amortization				(91,195	)		(88,940	)
Net intangible assets:
Software developed for internal use				6,327			5,643
Acquired proprietary technology				1,016			1,660
Customer relationships				2,664			2,912
Trade names				10,396			10,619
Domain names				125			127
Databases				7,122			7,784
Total intangible assets, net			$	27,650		$	28,745

The gross amounts associated with software developed for internal use primarily represent capitalized costs of internally developed software. The amounts relating to acquired proprietary technology, customer relationships, trade names, domain names, databases and non-competition agreements primarily represent the fair values of intangible assets acquired as a result of the acquisition of Fluent, LLC, effective December 8, 2015 (the "Fluent LLC Acquisition"); the acquisition of Q Interactive, LLC, effective June 8, 2016 (the "Q Interactive Acquisition"); the acquisition of substantially all the assets of AdParlor Holdings, Inc. and certain of its affiliates, effective July 1, 2019 (the "AdParlor Acquisition"); the acquisition of a 50% interest in Winopoly, LLC (the "Initial Winopoly Acquisition"), effective April 1, 2020; and the acquisition of a 100% interest in True North Loyalty, LLC, (the "True North Acquisition"), effective January 1, 2022 (see Note 11, Business acquisition).

The Company completed its quarterly triggering event assessments for the three months ended March 31, 2023 and has determined that no triggering event had occurred requiring impairment assessments for its long-lived assets.

Amortization expense of $2,256 and $3,141 for the three months ended March 31, 2023 and 2022, respectively, is included in depreciation and amortization expenses in the consolidated statements of operations. As of March 31, 2023, intangible assets with a carrying amount of $971, included in the gross amount of software developed for internal use, have not commenced amortization, as they are not ready for their intended use.

As of March 31, 2023, estimated amortization expenses related to the Company's intangible assets for the remainder of 2023 and through 2028 and thereafter are as follows:

Year	*March 31, 2023*
Remainder of 2023	$	4,734
2024		6,816
2025		6,370
2026		2,332
2027		830
2028 and thereafter		6,568
Total	$	27,650