Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

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. The Company’s significant assumptions in these analyses include, but are not limited to, project revenue, the weighted average cost of capital, the terminal growth rate, derived multiples from comparable market transactions and other market data.

As of March 31, 2023, the Company's cumulative impairment charges are approximately $13.5 million with approximately $11.6 million related to the Indoor Intelligence reporting unit, approximately $1.2 million related to the Shoom reporting unit and approximately $0.7 million related to the SAVES reporting unit.

Intangibles assets at March 31, 2023 and December 31, 2022 consisted of the following (in thousands):


	March 31, 2023
	Gross Amount		Accumulated Amortization		Spin-Off		Net Carrying Amount		Remaining Weighted Average Useful Life
IP Agreement	$	165	$	(103)	$	—	$	62	1.50
Trade Name/Trademarks	1,792		(306)		(1,367)		119		3.75

Customer Relationships	6,211		(843)		(4,454)		914		2.61
Developed Technology	14,772		(1,690)		(11,466)		1,616		4.97
Non-compete Agreements	1,837		(534)		(1,204)		99		0.49
Totals	$	24,777	$	(3,476)	$	(18,491)	$	2,810

	December 31, 2022
	Gross Amount		Accumulated Amortization		Impairment		Spin-Off		Net Carrying Value
IP Agreement	$	162	$	(91)	$	—	$	—	$	71
Trade Name/Trademarks	3,590		(1,414)		(593)		(1,458)		125
Webstores & Websites	404		(258)		(146)		—		—
Customer Relationships	9,121		(2,776)		(749)		(4,636)		960
Developed Technology	21,777		(5,385)		(2,921)		(11,781)		1,690
Non-compete Agreements	4,270		(2,488)		(220)		(1,414)		148
Totals	$	39,324	$	(12,412)	$	(4,629)	$	(19,289)	$	2,994

Amortization Expense:

Amortization expense from continuing operations for the three months ended March 31, 2023 and 2022 was approximately $0.2 million and $0.7 million respectively.

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


	Amount
December 31, 2023 (for 9 months)	$	627
December 31, 2024	688
December 31, 2025	605
December 31, 2026	413
December 31, 2027	326
December 31, 2028 and thereafter	151
	$	2,810