Note 5 - Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

5. Intangible Assets, net

Intangible assets consist of acquired intangible assets and internally-developed software. Amortization expense for intangible assets was $2.1 million and $1.4 million for the years ended December 31, 2023 and 2022, respectively. There was no amortization expense for intangible assets for the year ended  December 31, 2021.

A summary of the balances of the Company’s intangible assets as of  December 31, 2023 and 2022 is presented below:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Useful Life
						December 31,							December 31,
						2023							2022
	(in thousands)														(in years)
Technology and software, net		7,976		(1,758	)		6,218		6,842		(777	)		6,065		3.0-10.0
Customer related assets, net		4,546		(640	)		3,906		4,799		(477	)		4,322		10.0
Content, net		843		(421	)		422		830		(138	)		692		3.0
Total	$	13,365	$	(2,819	)	$	10,546	$	12,471	$	(1,392	)	$	11,079

AvePoint, Inc. and Subsidiaries

Notes to Consolidated Financial Statements (continued)

As of  December 31, 2023, estimated future amortization expense for the intangible assets reflected above was as follows:

Year Ending December 31:
	(in thousands)
2024	$	2,328
2025		1,946
2026		1,451
2027		1,161
2028		1,016
Thereafter		2,644
Total intangible assets subject to amortization	$	10,546