Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible and Other Assets

v3.23.1
Note 3 - Intangible and Other Assets
3 Months Ended
Mar. 31, 2023
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]
3.

INTANGIBLE AND OTHER ASSETS

 

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

 

   

March 31,

   

December 31,

 
   

2023

   

2022

 
                 

Partner and customer relationships

  $ 13,376,000     $ 13,376,000  

Capitalized software development costs

    5,543,000       5,262,000  

Capitalized third-party game property costs

    500,000       500,000  

Developed technology

    7,880,000       7,880,000  

Influencers/content creators

    2,559,000       2,559,000  

Trade name

    189,000       189,000  

Domain

    68,000       68,000  

Copyrights and other

    767,000       760,000  
      30,882,000       30,594,000  

Less: accumulated amortization

    (11,842,000

)

    (10,528,000

)

Intangible and other assets, net

  $ 19,040,000     $ 20,066,000  

 

Amortization expense included in operating expense for the three months ended March 31, 2023 and 2022 totaled $1,288,000 and $1,301,000, respectively. Amortization expense included in cost of revenue for the three months ended March 31, 2023 and 2022 totaled $26,000 and $18,000, respectively.

 

The Company expects to record amortization of intangible assets for the year ending December 31, 2023 and future fiscal years as follows:

 

For the years ending December 31,

       

2023 Remaining

    3,866,000  

2024

    4,801,000  

2025

    4,195,000  

2026

    2,975,000  

2027

    2,163,000  

Thereafter

    1,040,000  
    $ 19,040,000