Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets, Net (Details - Intangibles)

v3.22.1
Goodwill and Intangible Assets, Net (Details - Intangibles) - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets $ 10,613 $ 429
Foreign Currency Translation Adjustment 24 0
Less Accumulated Amortization (904) (400)
Net Intangible Assets 9,733 29
Trademarks [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [1] 130 130
Customer Relationships [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [2] 6,132 0
Noncompete Agreements [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [3] 48 0
Trade Names [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [4] 4,000 0
Other Intangible Assets [Member]    
Indefinite-lived Intangible Assets [Line Items]    
Intangible assets [1] $ 303 $ 299
[1] During the years ended December 31, 2021 and December 31, 2020, the Company recognized, $16,277 and $49,388, respectively, in amortization expense related to the Trademarks, Product Masters, and Other Intangible Assets.
[2] Amount represents the fair value of the ChizComm and ChizComm Beacon Media Customer Relationships with a useful life of 12 years. Amortization expense for the year ended December 31, 2021 was $0.5 million.
[3] Amount represents the fair value of the Non-Compete agreements as part of the ChizComm acquisition. The Non-Compete agreements have a useful life of 3 years. Amortization expense for the year ended December 31, 2021 was $18,345.
[4] Amount represents the fair value of the Stan Lee Assets acquired through the consolidation of the Stan Lee Universe variable interest entity. The assets have been determined to have a useful life of 70 years. The amortization expense was deemed immaterial during the fourth quarter of 2021.