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Intangible Assets, Net and Goodwill (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Asset | The Company had the following intangible assets (in thousands) with their weighted average remaining amortization period (in years): Intangible Assets, Net
| Weighted Average Remaining Amortization Period |  |  |
| September 30, 2023 |  | December 31, 2022
Customer Relationships | 6.7 | $ | 17,325 |  |  | $ | 17,325 |
Digital Networks | 14.5 | 803 |  |  | 3,537 |
Trade Names | 67.7 | 10,360 |  |  | 11,783 |
Technology | – | – |  |  | 293 |
Other Intangible Assets (a) | – | – |  |  | 325 |
Intangible Assets, Gross |  | 28,488 |  |  | 33,263 |
Less Accumulated Amortization |  | (3,268) |  |  | (2,398) |
Foreign Currency Translation Adjustment |  | (1,635) |  |  | (1,698) |
Intangible Assets, Net |  | $ | 23,585 |  |  | $ | 29,167 |
_______________________ (a)Represents the logo and website intangible assets related to the merger with A Squared that has been fully amortized during the nine months ended September 30, 2023.
Summary of Expected Future Intangible Asset Amortization | Expected future amortization of intangible assets subject to amortization as of September 30, 2023 is as follows (in thousands):
Fiscal Year: |
2023 | 516 |
2024 | 2,064 |
2025 | 2,064 |
2026 | 2,064 |
2027 | 2,064 |
Thereafter | 8,858 |
Total | $ | 17,630 |
Schedule of Goodwill | The following table summarizes the changes in the carrying amount of goodwill by reporting unit (in thousands):
| Content Production & Distribution |  | Media Advisory & Advertising Services |  | Total
Goodwill as of December 31, 2022 | $ | 31,807 |  |  | $ | – |  |  | $ | 31,807 |
Goodwill Impairment | (11,287) |  |  | – |  |  | (11,287) |
Foreign Currency Translation Adjustment | 49 |  |  | – |  |  | 49 |
Goodwill as of September 30, 2023 | $ | 20,569 |  |  | $ | – |  |  | $ | 20,569 |

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