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Intangible Assets, net
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net

Note 9: Intangible Assets, net

 

Intangible Assets, net

 

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  As of 
   Period  September 30, 2025   September 30, 2024 
Customer Relationships  4.7  $17,325   $17,325 
Digital Networks  12.5   803    803 
Trade Names  65.7   9,970    9,970 
Intangible Assets, gross      28,098    28,098 
              
Less Accumulated Amortization      (7,324)   (5,822)
Foreign Currency Translation Adjustment      (2,103)   (2,555)
Intangible Assets, net     $18,671   $19,722 

 

During the three months ended September 30, 2025 and 2024, the Company recorded intangible asset amortization expense of $0.5 million and $0.5 million, respectively. During the nine months ended September 30, 2025 and 2024, the Company recorded intangible asset amortization expense of $1.5 million and $1.5 million, respectively.

 

Expected future amortization of intangible assets subject to amortization as of September 30, 2025 is as follows (in thousands):

     
Fiscal Year:    
2025  $502 
2026   2,008 
2027   2,008 
2028   2,008 
2029   2,008 
Thereafter   4,716 
Total  $13,250 

 

As of September 30, 2025 and December 2024, $5.4 million and $5.3 million, respectively, of the Company’s intangible assets related to the acquired trade names from the Wow acquisition had indefinite lives and are not subject to amortization.