XML 27 R17.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

INTANGIBLE ASSETS, NET | 6 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | 11. INTANGIBLE ASSETS, NET At June 30, 2024 and December 31, 2023, intangible assets consisted of:
Schedule of intangible asset |  |  |  |  |  |  |  |  |  |
|  | Useful Life |  | June 30, 2024 |  |  | December 31, 2023 |
Definite lived intangible assets: |  |  |  |  |  |  |  |
Developed technology |  | 3-8 years |  | $ | 1,769,000 |  |  | $ | 1,949,000 |
Customer list |  | 8-10 years |  |  | 3,540,000 |  |  |  | 3,596,000 |
Trade names |  | 5-10 years |  |  | 1,030,000 |  |  |  | 1,030,000 |
Domain name and other intangible assets |  | 5 years |  |  | 590,000 |  |  |  | 612,000 |
|  |  |  |  | 6,929,000 |  |  |  | 7,187,000 |
Accumulated amortization |  |  |  |  | (2,079,000 | ) |  |  | (1,910,000 | )
Total definite-lived intangible assets |  |  |  | $ | 4,850,000 |  |  | $ | 5,277,000 |
Indefinite lived intangible assets: |  |  |  |  |  |  |  |  |  |
Trade name and trademark |  | Indefinite life |  |  | 474,000 |  |  |  | 477,000 |
Total intangible assets, net |  |  |  | $ | 5,324,000 |  |  | $ | 5,754,000 |
Certain of the Company’s trade names and trademarks were determined to have an indefinite life. The remaining definite-lived intangible assets are primarily being amortized on a straight-line basis over their estimated useful lives. Summary of amortization expense:
Schedule of amortization expense |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Three Months Ended |  |  | For the Six Months Ended |
|  | June 30, |  |  | June 30, |
|  | 2024 |  |  | 2023 |  |  | 2024 |  |  | 2023 |
Amortization expense |  | $ | 55,000 |  |  | $ | 254,000 |  |  | $ | 212,000 |  |  | $ | 507,000 |
As of June 30, 2024, intangible assets subject to amortization have an average remaining useful life of 7.5 years. The following table presents estimated amortization expense for each of the succeeding five calendar years and thereafter.
Schedule of estimated amortization expense |  |  |  |
2024 (remainder) |  | $ | 569,000 |
2025 |  |  | 698,000 |
2026 |  |  | 698,000 |
2027 |  |  | 698,000 |
2028 |  |  | 688,000 |
2029 |  |  | 467,000 |
Thereafter |  |  | 1,032,000 |
|  | $ | 4,850,000 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration