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Intangible Assets, net | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets, net | Note 11 — Intangible Assets, net In September 2020, the Company acquired Orange142 for a purchase price of $26.2 million. The acquisition of Orange142 was recorded by allocating the total purchase consideration to the fair value of the net tangible assets acquired, including goodwill and intangible assets, in accordance with ASC 805. The purchase consideration exceeded the fair value of the net assets, resulting in goodwill of $4.1 million and intangible assets of $18.0 million. The Company records amortization expense on a straight-line basis over the life of the identifiable intangible assets. For the three months ended March 31, 2024 and 2023, amortization expense of $0.5 million was recognized. As of March 31, 2024 and December 31, 2023, intangible assets net of accumulated amortization was $11.2 million and $11.7 million, respectively. As of March 31, 2024, intangible assets and the related accumulated amortization, weighted-average remaining life and future amortization expense are as follows:
| March 31, 2024
| Weighted-Average |  | Original |  | Accumulated |  | Net
| Remaining Life (Years) |  | Amount |  | Amortization |  | Total
Customer Lists | 6.5 |  | $ | 13,028 |  |  | $ | (4,560) |  |  | $ | 8,468 |
Trademarks and tradenames | 6.5 |  | 3,501 |  |  | (1,225) |  |  | 2,276 |
Non-compete agreements | 1.5 |  | 1,504 |  |  | (1,053) |  |  | 451 |
Total intangible assets, net |  |  | $ | 18,034 |  |  | $ | (6,838) |  |  | $ | 11,195 |
| December 31, 2023
| Weighted-Average |  | Original |  | Accumulated |  | Net
| Remaining Life (Years) |  | Amount |  | Amortization |  | Total
Customer Lists | 6.8 |  | $ | 13,028 |  |  | $ | (4,234) |  |  | $ | 8,794 |
Trademarks and tradenames | 6.8 |  | 3,501 |  |  | (1,138) |  |  | 2,363 |
Non-compete agreements | 1.8 |  | 1,504 |  |  | (978) |  |  | 527 |
Total intangible assets, net |  |  | $ | 18,034 |  |  | $ | (6,350) |  |  | $ | 11,684 |
| Total
2024 | $ | 1,464 |
2025 | 1,879 |
2026 | 1,653 |
2027 | 1,653 |
2028 | 1,653 |
Thereafter | 2,893 |
Total future amortization expense | $ | 11,195 |

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- 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
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