3. INTANGIBLE AND OTHER ASSETS
|6 Months Ended|
Jun. 30, 2020
|Finite-Lived Intangible Assets, Net [Abstract]|
|INTANGIBLE AND OTHER ASSETS||
Intangible and other assets consisted of the following for the periods presented:
Amortization expense for the three and six months ended June 30, 2020 totaled $302,000 and $795,000, respectively. Amortization expense for the three and six months ended June 30, 2019 totaled $107,000 and $192,000, respectively. In April 2020, we amended our arrangement with ggCircuit, LLC (“ggCircuit”) terminating certain rights and licenses from a prior agreement, as amended, focused on in-person play in gaming centers, and securing other rights and licenses from ggCircuit, focused on online play at home. ggCircuit is an esports services company that provides gaming center management software solutions for online play at home, along with access to a global network of gaming centers. 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 included in “Licenses” above, totaling $306,000, and certain capitalized internal use software development costs totaling $107,000, which are included in technology platform and infrastructure expense in the accompanying statement of operations for the six months ended June 30, 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