Note 3 - Intangible and Other Assets |
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Notes to Financial Statements | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Intangible Assets Disclosure [Text Block] |
Intangible and other assets consisted of the following for the periods presented:
Amortization expense for the three and six months ended June 30, 2022 totaled $1,300,000 and $2,601,000, respectively. Amortization expense for the three and six months ended June 30, 2021 totaled $302,000 and $795,000, respectively. Amortization expense included in cost of revenue for the three and six months ended June 30, 2022 totaled $27,000 and $31,000, respectively. Amortization expense included in cost of revenue for the three and six months ended June 30, 2021 totaled $13,000 and $16,000, respectively.
During the three months ended June 30, 2022, the Company purchased Anime Battlegrounds X, one of the highest rated games on Roblox, from a third-party game developer. Total purchase price of $500,000 was capitalized and amortized to cost of revenue over the estimated useful life of 5 years.
The Company expects to record amortization of intangible assets for the year ending December 31, 2022 and future fiscal years as follows:
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