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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
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. The Company's goodwill balance and other assets with indefinite lives were evaluated for potential goodwill impairment on a reporting unit basis during the period ended June 30, 2022, as certain indications on a qualitative and a quantitative basis were identified that an impairment exists as of the reporting date primarily from a sustained decrease in their stock price.

The Company utilized a mix of both the income and market approaches in determining the fair value of the reporting units. The Company noted that 50% weight was attributed to the income approach and 50% was attributed to the market approach.

During the year ended December 31, 2022, the Company recognized approximately $7.6 million of goodwill impairment on Systat, GTX, Nanotron, Jibestream, CXApp, Game Your Game, and IntraNav. During the year ended December 31, 2022, the Company's cumulative impairment charges are approximately $31.0 million with approximately $29.1 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.

As of December 31, 2021, the Company's cumulative goodwill impairment charges were approximately $23.4 million with approximately $22.2 million related to the Indoor Intelligence reporting unit and approximately $1.2 million related to the Shoom reporting unit.
The following table summarizes the changes in the carrying amount of Goodwill for the year ended December 31, 2022 (in thousands):

Segments SavesIndoor Intelligence Impairment
Acquisition SystatGTXNanotronLocalityJibestreamCXAppGame Your GameIntraNavTotalLess
discontinued operations		Continuing
operations
Balance as of January 1, 2021$520 $2 $3,931 $672 $1,463 $— $— $— $6,588 
Goodwill additions through acquisitions200 — — — — 17,432 286 482 18,400 
Goodwill impairment— (1)(2,263)(689)(967)(10,239)(307)(323)(14,789)11,896 (2,893)
Valuation measurement period adjustments(25)— (255)— — (2,127)174 — (2,233)
Exchange rate fluctuation at December 31, 2021— — (294)17 (16)— — — (293)
Balance as of December 31, 2021695 1 1,119 — 480 5,066 153 159 7,673 
Less discontinued operations— — — — (480)(5,066)— — (5,546)
Balance as of December 31, 2021, continuing operations$695 $1 $1,119 $— $— $— $153 $159 $2,127 
SegmentsSavesIndoor IntelligenceImpairment
AcquisitionSystatGTXNanotronLocalityJibestreamCXAppGame Your GameIntraNavTotalLess
discontinued operations		Continuing
operations
Balance as of January 1, 2022$695 $1 $1,119 $— $480 $5,066 $153 $159 $7,673 
Goodwill impairment(695)(1)(1,035)— (474)(5,066)(153)(147)(7,571)5,540 (2,031)
Exchange rate fluctuation at December 31, 2022— — (84)— (6)— — (12)(102)
Balance as of December 31, 2022— — — — — — — — — 
Less discontinued operations— — — — — — — — — 
Balance as of December 31, 2022, continuing operations$— $— $— $— $— $— $— $— $— 
As of December 31, 2022 and 2021 there was no goodwill allocated for the Shoom segment.
Intangible assets at December 31, 2022 and 2021 consisted of the following (in thousands):
December 31,Remaining Weighted Average Useful Life
20222021
Gross AmountAccumulated AmortizationImpairmentNet Carrying AmountGross AmountAccumulated AmortizationNet Carrying Amount
IP Agreement$162 $(91)$— $71 $172 $(54)$118 1.75
Trade Name/Trademarks3,590 (1,414)(593)1,583 $3,602 $(662)$2,940 4.00
Webstores & Websites404 (258)(146)— 404 (123)281 0.00
Customer Relationships9,121 (2,776)(749)5,596 9,294 (1,440)7,854 2.86
Developed Technology21,777 (5,385)(2,921)13,471 22,175 (3,010)19,165 5.22
Non-compete Agreements4,270 (2,488)(220)1,562 4,786 (1,666)3,120 0.74
Totals$39,324 $(12,412)$(4,629)$22,283 $40,433 $(6,955)$33,478 
Less discontinued operations(26,911)7,621 1 (19,289)(27,789)4,321 (23,468)
Intangible assets, continuing operations$12,413 $(4,791)$(4,628)$2,994 $12,644 $(2,634)$10,010 
The Company reviews intangible and other long-lived assets for impairment on an asset group basis on December 31 of each year and whenever events or changes in circumstances indicate the carrying value of intangibles and other long-lived assets may not be recoverable.
During the year ended December 31, 2022, the Company assessed its long-lived asset groups for impairment due to qualitative triggering events that consisted of missing operating projections, a sustained decrease in stock price, and planned divestitures to sell and/or dispose of long-lived assets before the end of their useful lives. Therefore, the Company calculated the fair value of each asset group’s long-lived assets by utilizing fair value methodologies that are most applicable to each specific asset group. These fair value methodologies included an income based approach, a market based approach and a cost based approach. The Company compared the fair value of each asset group’s long-lived assets to their carrying value as of December 31, 2022. The Company determined that the carrying value of the long-lived assets included in the SAVES and Indoor Intelligence segments were greater than their fair values as of December 31, 2022. Therefore, an impairment loss of $1.5 million and $3.1 million was recorded in the SAVES and Indoor Intelligence segments, respectively, as of December 31, 2022.
Aggregate Amortization Expense:
Aggregate amortization expense for the years ended December 31, 2022 and 2021 were $6.1 million and $5.1 million, respectively, of which $3.9 million and $3.0 million pertain to discontinued operations.
Future amortization expense on intangibles assets is anticipated to be as follows (in thousands):
For the Years Ending December 31,TotalContinuing OperationsDiscontinued Operations
2023$4,663 $837 $3,826 
20243,841 679 3,162 
20253,430 598 2,832 
20262,841 408 2,433 
20272,494 322 2,172 
2028 and thereafter5,014 150 4,864 
Total$22,283 $2,994 $19,289