INTANGIBLE ASSETS AND GOODWILL

9 Months Ended

Sep. 30, 2020

Intangible assets, net [Abstract]

Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]

5. INTANGIBLE ASSETS

Intangible assets, net consist of the following (in thousands):

	September 30, 2020			December 31, 2019
Intangible assets subject to amortization, gross	$	30,267		$	30,284
Less: accumulated amortization of intangible assets subject to amortization	(21,258		)	(18,528		)
Total intangible assets, net	$	9,009		$	11,756

Amortization of intangible assets is classified within the corresponding operating expense categories in our consolidated statements of operations as follows (in thousands):

	Three months ended September 30,				Nine months ended September 30,
	2020		2019		2020		2019
Technology	$	846	$	896	$	2,539	$	2,687
Sales and marketing	10		16		31		48
General and administrative	55		133		182		(526		)
Total amortization	$	911	$	1,045	$	2,752	$	2,209

In connection with our 2018 acquisition of Mac Warehouse, we received the final valuation information and completed our determination and allocation of the purchase price during the quarter ended March 31, 2019 and recognized adjustments to the provisional values as of March 31, 2019, which among other items decreased the recognized Intangible assets and resulted in a reversal of previously recognized amortization expense of $1.4 million during the quarter ended March 31, 2019.

During the three and nine months ended September 30, 2019, we realized a $1.4 million impairment loss included in General and administrative expense in our consolidated statements of operations related to certain patents held by our Medici Ventures segment. The estimated fair value of the patents were determined based on Level 3 inputs, which were unobservable (see Note 3—Fair Value Measurement), including market participant assumptions for similar assets in an inactive market.