Goodwill and Intangibles

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles

Goodwill and Intangibles

Goodwill:

The following table summarizes the changes in the carrying amount of Goodwill for the three months ended March 31, 2022 (in thousands):

Segments	Acquisitions	Balance as of January 1, 2022		Goodwill additions through acquisitions		Valuation Measurement Period Adjustments		Exchange rate fluctuations as of March 31, 2022		Balance as of March 31, 2022
SAVES	Systat	$	695	$	—	$	—	$	—	$	695
Indoor Intelligence	GTX	1		—		—		—		1
	Nanotron	1,119		—		—		(21)		1,098
	Jibestream	480		—		—		7		487
	CXApp	5,066		—		—		—		5,066
	Game Your Game	152		—		—		—		152
	IntraNav	159		—		—		(2)		157
	Total	$	7,672	$	—	$	—	(16)		$	7,656

The Company reviews goodwill for impairment on a reporting unit basis on December 31 of each year and whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. As of March 31, 2022, the Company did not identify any changes in circumstances that would indicate the carrying value of goodwill may not be recoverable. As of March 31, 2022 and December 31, 2021, the Company has cumulative goodwill impairment charges of $0 and $14.8 million related to the Indoor Intelligence reporting unit, respectively.

Intangibles assets at March 31, 2022 and December 31, 2021 consisted of the following (in thousands):

	Gross Carrying Amount				Accumulated Amortization Amount				Remaining Weighted Average Useful Life
	March 31,		December 31,		March 31,		December 31,
	2022		2021		2022		2021
IP Agreement	$	167	$	172	$	(63)	$	(54)	2.50
Trade Name/Trademarks	3,598		3,602		(844)		(662)		4.02
Webstores & Websites	404		404		(157)		(123)		1.83
Customer Relationships	9,288		9,294		(1,782)		(1,440)		5.53
Developed Technology	22,216		22,175		(3,608)		(3,010)		8.25
Non-compete Agreements	4,783		4,786		(2,000)		(1,666)		2.21
Totals	$	40,456	$	40,433	$	(8,454)	$	(6,955)

Amortization Expense:

Amortization expense for the three months ended March 31, 2022 and 2021 was approximately $1.5 million and $0.6 million, respectively.

Future amortization expense on intangibles assets is anticipated to be as follows (in thousands):

	Amount
December 31, 2022 (for 9 months)	$	4,646
December 31, 2023	5,987
December 31, 2024	5,033
December 31, 2025	4,402
December 31, 2026 and thereafter	11,934
	$	32,002