Quarterly report [Sections 13 or 15(d)]

Intangible Assets, net

v3.25.3
Intangible Assets, net
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net

Note 9: Intangible Assets, net

 

Intangible Assets, net

 

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   As of  
    Period   September 30, 2025     September 30, 2024  
Customer Relationships   4.7   $ 17,325     $ 17,325  
Digital Networks   12.5     803       803  
Trade Names   65.7     9,970       9,970  
Intangible Assets, gross         28,098       28,098  
                     
Less Accumulated Amortization         (7,324 )     (5,822 )
Foreign Currency Translation Adjustment         (2,103 )     (2,555 )
Intangible Assets, net       $ 18,671     $ 19,722  

 

During the three months ended September 30, 2025 and 2024, the Company recorded intangible asset amortization expense of $0.5 million and $0.5 million, respectively. During the nine months ended September 30, 2025 and 2024, the Company recorded intangible asset amortization expense of $1.5 million and $1.5 million, respectively.

 

Expected future amortization of intangible assets subject to amortization as of September 30, 2025 is as follows (in thousands):

       
Fiscal Year:      
2025   $ 502  
2026     2,008  
2027     2,008  
2028     2,008  
2029     2,008  
Thereafter     4,716  
Total   $ 13,250  

 

As of September 30, 2025 and December 2024, $5.4 million and $5.3 million, respectively, of the Company’s intangible assets related to the acquired trade names from the Wow acquisition had indefinite lives and are not subject to amortization.