Super League Enterprise, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 3 - Intangible and Other Assets

Note 3 - Intangible and Other Assets

3 Months Ended

Mar. 31, 2023

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