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Intangible Assets, Net (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]    
Schedule of Identifiable Intangible Assets, Net

Identifiable intangible assets, net consist 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

 

Internal-use software

 

$

6,248

 

 

$

(5,386

)

 

$

862

 

 

$

6,248

 

 

$

(3,994

)

 

$

2,254

 

Developed technology

 

 

1,500

 

 

 

(164

)

 

 

1,336

 

 

 

 

 

 

 

 

 

 

Customer related

 

 

4,400

 

 

 

(310

)

 

 

4,090

 

 

 

 

 

 

 

 

 

 

Trademark and trade name

 

 

800

 

 

 

(60

)

 

 

740

 

 

 

 

 

 

 

 

 

 

Content

 

 

200

 

 

 

(44

)

 

 

156

 

 

 

 

 

 

 

 

 

 

Total identifiable intangible assets

 

$

13,148

 

 

$

(5,964

)

 

$

7,184

 

 

$

6,248

 

 

$

(3,994

)

 

$

2,254

 

Identifiable intangible 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

 

Internal-Use Software

 

$

6,248

 

 

$

(3,994

)

 

$

2,254

 

 

$

5,827

 

 

$

(1,993

)

 

$

3,834

 

Total identifiable intangible assets

 

$

6,248

 

 

$

(3,994

)

 

$

2,254

 

 

$

5,827

 

 

$

(1,993

)

 

$

3,834

 

Schedule of Estimated Annual Amortization Expense

As of September 30, 2024, estimated annual amortization expense for each of the next five fiscal years is as follows:

 

2024 (remaining)

 

 

481

 

2025

 

 

1,389

 

2026

 

 

815

 

2027

 

 

648

 

2028

 

 

582

 

Thereafter

 

 

3,269

 

Total

 

$

7,184

 

As of December 31, 2023, estimated annual amortization expense for each of the next five fiscal years is as follows:

 

Fiscal Years Ending December 31,

 

(in thousands)

 

 

 

2024

 

 

1,656

 

2025

 

 

521

 

2026

 

 

77

 

2027

 

 

 

Total

 

$

2,254