Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible and Other Assets

v3.21.2
Note 3 - Intangible and Other Assets
 9 Months Ended
Sep. 30, 2021
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:

 

   

September 30,

2021

    

December 31,

2020

  
   

(Unaudited)

          

Capitalized software development costs

   $ 3,835,000     $ 3,275,000  

Trade name

     189,000       189,000  

Domain

     68,000       68,000  

Copyrights and other

     610,000       435,000  

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

     19,500,000       -  

Developed technology acquired in connection with Bannerfy Acquisition (Note 4)

     3,068,000       -  
      27,270,000       3,967,000  

Less: accumulated amortization

     (3,965,000

)

     (2,060,000

)

Intangible and other assets, net

   $ 23,305,000     $ 1,907,000  

 

Amortization expense for the three and nine months ended September 30, 2021 totaled $1,110,000 and $1,857,000, respectively. Amortization expense included in cost of revenues for the three and nine months ended September 30, 2021 totaled $33,000 and $49,000, respectively. Amortization expense for the three and nine months ended September 30, 2020 totaled $217,000 and $1,013,000, respectively.