Goodwill and Investments and Other Assets, Net

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Investments and Other Assets, Net

5. Goodwill and Investments and Other Assets, Net

Goodwill

We performed an annual qualitative test for goodwill impairment in the fourth quarter of the years ended December 31, 2024 and 2023 and determined that goodwill was not impaired. Goodwill was $31.9 million as of December 31, 2024 and 2023.

Investments and Other Assets, Net

Investments and other assets, net represents Gaia’s investments in entities for which we do not exercise significant influence or have significant ownership stake, as well as assets that are held for sale not in the ordinary course of business. Investments and other assets, net consist of the following as of December 31:

(in thousands)	2024		2023
Other assets	$	5,540	$	1,471
Other intangible assets, net		1,118		1,686
Investments and other assets, net	$	6,658	$	3,157

The following table represents our other intangible assets, net by major asset class as of the dates indicated, which are included in Investments and other assets, net on the accompanying consolidated balance sheets as of December 31:

(in thousands)	2024			2023
Amortizable Intangible Assets
Customer relationships	$	2,000		$	2,000
Accumulated amortization		(1,511	)		(1,011	)
Customer relationships, net	$	489		$	989
Tradenames	$	270		$	270
Accumulated amortization		(204	)		(136	)
Tradenames, net	$	66		$	134
Unamortized Intangible Assets
Domain names	$	563		$	563
Other intangible assets, net	$	1,118		$	1,686

The customer related intangible assets are amortized on a straight-line basis over 48 months. Amortization expense was $568 thousand and $568 thousand for 2024 and 2023, respectively. Weighted-average remaining useful life for these intangible assets is 12 months. Future amortization of our amortizable intangible assets as of December 31, 2024 is expected to be $555 thousand for the year ended December 31, 2025.