SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND USE OF ESTIMATES (Tables)

12 Months Ended

Dec. 31, 2022

Prepaid expenses and other current assets

Prepaid expenses and other current assets were comprised of the following amounts (in thousands):


	December 31,
	2022		2021
Prepaid expenses	$	2,612	$	6,224
License and media rights	2,500		—
Deposits	2,313		925
Other miscellaneous receivables	573		1,441
Total prepaid expenses and other current assets	$	7,998	$	8,590

Property and equipment

Property and equipment are recorded at cost less accumulated depreciation. Depreciation is computed using the straight-line method over the estimated useful lives of the assets as follows:


Building			30 years
Machinery and equipment			3-12 years
Furniture and fixtures			2-7 years
Leasehold improvements			Shorter of useful life or term of lease (2-15 years)

Property and equipment consist of the following:


	December 31,
	2022		2021

Building	$	3,409	$	3,409
Machinery and equipment	16,688		15,552
Furniture and fixtures	1,146		1,202
Leasehold improvements	26,919		27,158
	$	48,162	$	47,321
Accumulated depreciation	(19,003)		(13,829)
Construction-in-process	171		2,593
Total property and equipment, net	$	29,330	$	36,085

Intangible assets

Amortization is calculated on the straight-line basis over the following estimated useful lives of the assets:


Software			2-5 years
Patents			15-20 years

Details of the Company’s intangible assets subject to amortization and indefinite-lived intangible assets and their respective carrying amounts are as follows:


	As of December 31, 2022
	Weighted-Average Remaining Useful Life (in years)	Gross		Accumulated Amortization		Net
Definite-lived intangible assets:	18.93	$	3,514	$	(1,893)	$	1,621
Indefinite-lived intangible assets:		150		—		150
Total		$	3,664	$	(1,893)	$	1,771


	As of December 31, 2021
	Weighted-Average Remaining Useful Life (in years)	Gross		Accumulated Amortization		Net
Definite-lived intangibles assets(1) :	20.04	$	5,059	$	(2,366)	$	2,693
Indefinite lived intangible assets:	—	150		—		150
Total		$	5,209	$	(2,366)	$	2,843

(1) The factors listed above representing a goodwill triggering event also indicated a triggering event for the Company's customer relationships and trade name intangible assets acquired with the acquisition of Abacus. The Company performed a quantitative analysis as of December 31, 2021 to determine if impairment existed by comparing the carrying amount of each asset to the future undiscounted cash flows the asset is expected to generate over their remaining lives. This analysis resulted in full impairment of the customer relationships and trade name intangible assets acquired and total an impairment loss of $19,750 was recorded in goodwill and asset impairments charges on the consolidated statements of operations for the year ended December 31, 2021.

Disaggregation of revenue

The following table sets forth the disaggregation of the Company’s revenue:


	Year Ended December 31,
	2022		2021
Direct-to-consumer	$	50,700	$	62,334
Business-to-business	23,439		33,758
Total	$	74,139	$	96,092