Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE AND OTHER ASSETS

v3.21.2
INTANGIBLE AND OTHER ASSETS
6 Months Ended
Jun. 30, 2021
INTANGIBLE AND OTHER ASSETS  
Note 3. INTANGIBLE AND OTHER ASSETS

3.

INTANGIBLE AND OTHER ASSETS

 

Intangible and other assets consisted of the following for the periods presented:

 

 

June 30,

2021

 

 

December 31,

2020

 

 

 

 (Unaudited)

 

 

 

Capitalized software development costs

 

$ 3,712,000

 

 

$ 3,291,000

 

Trade name

 

 

189,000

 

 

 

189,000

 

Domain

 

 

68,000

 

 

 

68,000

 

Copyrights and other

 

 

572,000

 

 

 

435,000

 

Intangible assets acquired in connection with Mobcrush Acquisition (Note 4)

 

 

19,500,000

 

 

 

-

 

 

 

 

24,041,000

 

 

 

3,983,000

 

Less: accumulated amortization

 

 

(2,820,000 )

 

 

(2,076,000 )

Intangible and other assets, net

 

$ 21,221,000

 

 

$ 1,907,000

 

 

Amortization expense, excluding the impact of the Merger, for the three and six months ended June 30, 2021 totaled $284,000 and $550,000, respectively. Amortization expense included in cost of revenues for the three and six months ended June 30, 2021 totaled $13,000 and $16,000, respectively. Amortization expense for the three and six months ended June 30, 2020 totaled $302,000 and $795,000, respectively.