3. INTANGIBLE AND OTHER ASSETS
|3 Months Ended|
Mar. 31, 2021
|Finite-Lived Intangible Assets, Net [Abstract]|
|INTANGIBLE AND OTHER ASSETS||
Intangible and other assets consisted of the following for the periods presented:
Amortization expense totaled $244,000 and $493,000 for the three months ended March 31, 2021 and 2020, respectively. In April 2020, we amended an arrangement with a third party terminating certain rights and licenses from a prior agreement, as amended, focused on in-person gamplay in gaming centers, and securing other rights and licenses from the third party, focused on online play at home. As a result of the termination of the rights and licenses related to the prior arrangement, the Company accelerated the amortization of the remaining balance related to the prior rights and licenses, totaling $306,000, which is included in technology platform and infrastructure expense in the accompanying statement of operations for the three months ended March 31, 2020.
The entire disclosure for all or part of the information related to intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef