Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets

v3.25.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
5.
Goodwill and Intangible Assets

The following table summarizes changes in goodwill balance:

Balance at December 31, 2024

 

$

14,735

 

Impact of foreign currency translation

 

 

24

 

Balance at March 31, 2025

 

$

14,759

 

 

Other intangible assets consisted of the following:

 

 

March 31, 2025

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Developed technology

 

$

12,290

 

 

$

(3,414

)

Trade names

 

 

2,083

 

 

 

(1,388

)

Patents

 

 

393

 

 

 

(353

)

FCC licenses

 

 

480

 

 

 

(290

)

 

$

15,246

 

 

$

(5,445

)

 

 

 

 

 

 

 

 

 

December 31, 2024

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Developed technology

 

 

12,270

 

 

 

(3,153

)

Trade names

 

 

2,080

 

 

 

(1,282

)

Patents

 

 

393

 

 

 

(345

)

FCC licenses

 

 

480

 

 

 

(282

)

 

$

15,223

 

 

$

(5,062

)

As of March 31, 2025, the weighted-average amortization period for developed technology was 8.7 years, for trade names was 1.7 years, and for patents and FCC licenses was 5.5 years. Amortization expense related to intangible assets was $375 and $880 for the three months ended March 31, 2025 and 2024, respectively. No impairment charges were recognized for either of the three months ended March 31, 2025 or 2024.

As of March 31, 2025, the expected future amortization expense of intangible assets is as follows:

Fiscal year ending March 31,

 

Future Amortization Expense

 

Remainder of 2025

 

$

1,120

 

2026

 

 

1,454

 

2027

 

 

1,063

 

2028

 

 

1,059

 

2029

 

 

1,057

 

Thereafter

 

 

4,048

 

 

$

9,801