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Other Assets, Net
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Other Assets, Net
8.
Other Assets, net

Other assets, net consisted of the following:

 

 

 

As of September 30,

 

 

As of December 31,

 

 

2024

 

 

2023

 

(in thousands)

 

Cost

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Cost

 

 

Accumulated Amortization

 

 

Net Book Value

 

Capitalized content costs

 

$

6,589

 

 

$

(5,667

)

 

$

922

 

 

$

6,589

 

 

$

(4,237

)

 

$

2,352

 

Capitalized software

 

$

5,994

 

 

$

(4,270

)

 

$

1,724

 

 

$

5,879

 

 

$

(2,983

)

 

$

2,896

 

Total other assets

 

$

12,583

 

 

$

(9,937

)

 

$

2,646

 

 

$

12,468

 

 

$

(7,220

)

 

$

5,248

 

Amortization expense amounted to $0.8 million and $0.9 million and $2.7 million and $2.7 million for the three and nine months ended September 30, 2024 and 2023, respectively.

Note 8. Other Assets, net

Other assets, net consisted of the following:

 

 

 

As of December 31,

 

 

As of December 31,

 

 

 

2023

 

 

2022

 

(in thousands)

 

Cost

 

 

Accumulated Amortization

 

 

Net Book Value

 

 

Cost

 

 

Accumulated Amortization

 

 

Net Book Value

 

Capitalized content costs

 

$

6,589

 

 

$

(4,237

)

 

$

2,352

 

 

$

6,589

 

 

$

(2,185

)

 

$

4,404

 

Capitalized software

 

$

5,879

 

 

$

(2,983

)

 

$

2,896

 

 

$

3,996

 

 

$

(1,391

)

 

$

2,605

 

Other

 

$

 

 

$

 

 

$

 

 

$

9

 

 

$

 

 

$

9

 

Total other assets

 

$

12,468

 

 

$

(7,220

)

 

$

5,248

 

 

$

10,594

 

 

$

(3,576

)

 

$

7,018

 

 

Amortization expense amounted to $3.6 million and $3.4 million for the year ended December 31, 2023 and 2022, respectively. In the year ended December 31, 2022, the Company also recognized a $2.3 million impairment of capitalized content related to the third-party Content Provider.