Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets

v3.25.3
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 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

 

 

750

 

Balance at June 30, 2025

 

$

15,485

 

Other intangible assets consisted of the following:

 

 

June 30, 2025

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

Developed technology

 

$

12,895

 

 

$

(3,851

)

Trade names

 

 

2,186

 

 

 

(1,566

)

Patents

 

 

393

 

 

 

(359

)

FCC licenses

 

 

480

 

 

 

(298

)

 

$

15,954

 

 

$

(6,074

)

 

 

 

 

 

 

 

 

 

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 June 30, 2025, the weighted-average amortization period for developed technology was 8.4 years, for trade names was 1.4 years, and for patents and FCC licenses was 5.3 years. Amortization expense related to intangible assets was $389 and $764 for the three and six months ended June 30, 2025, respectively, and $868 and $1,748 for the three and six months ended June 30, 2024, respectively. No impairment charges were recognized for the three and six months ended June 30, 2025 and 2024.

As of June 30, 2025, the expected future amortization expense of intangible assets is as follows:

Fiscal year ending December 31,

 

Future Amortization Expense

 

Remainder of 2025

 

$

790

 

2026

 

 

1,522

 

2027

 

 

1,114

 

2028

 

 

1,110

 

2029

 

 

1,107

 

Thereafter

 

 

4,237

 

 

$

9,880