Super League Enterprise, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 4 - Intangible and Other Assets

Note 4 - Intangible and Other Assets

12 Months Ended

Dec. 31, 2021

Intangible Assets Disclosure [Text Block]

4.	INTANGIBLE AND OTHER ASSETS

Intangible and other assets consisted of the following at December 31, 2021 and 2020:

	2021			2020

Capitalized software development costs	$	4,339,000		$	3,275,000
Trade name		189,000			189,000
Domain		68,000			68,000
Copyrights and other		641,000			435,000
Intangible assets acquired in connection with Mobcrush Acquisition (Note 5)		19,500,000			-
Intangible assets acquired in connection with Bannerfy Acquisition (Note 5)		3,068,000			-
Intangible assets acquired in connection with Bloxbiz acquisition (Note 5)		1,747,000			-
		29,552,000			3,967,000
Less: accumulated amortization		(5,309,000	)		(2,060,000	)
Intangible and other assets, net	$	24,243,000		$	1,907,000

Amortization expense for the fiscal year ended December 31, 2021 totaled $3,187,000. Amortization expense included in cost of revenues for the fiscal year ended December 31, 2021 totaled $63,000. Amortization expense for the fiscal year ended December 31, 2020 totaled $1,258,000.

The Company expects to record amortization of intangible assets for fiscal years ending December31, 2022 and future fiscal years as follows:

For the years ending December 31,
2022	$	5,086,000
2023		4,749,000
2024		4,347,000
2025		3,909,000
2026		2,899,000
Thereafter		3,253,000
	$	24,243,000