Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, net (Tables)

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Intangible Assets, net (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Asset
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 Period As of
June 30, 2024 December 31, 2023
Customer Relationships 6.0 $ 17,429  $ 17,325 
Digital Networks 13.8 803  803 
Trade Names 66.9 9,957  9,970 
Logo 0.5 – 
Intangible Assets, gross 28,196  28,098 
Less Accumulated Amortization (4,909) (3,794)
Foreign Currency Translation Adjustment (1,834) (1,311)
Intangible Assets, net $ 21,453  $ 22,993 
_______________________
Schedule of Expected Future Intangible Asset Amortization
Expected future amortization of intangible assets subject to amortization as of June 30, 2024 is as follows (in thousands):
Fiscal Year:
2024 $ 1,027 
2025 2,040 
2026 2,040 
2027 2,040 
2028 2,040 
Thereafter 6,764 
Total $ 15,951