Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangibles (Tables)

v3.21.2
Goodwill and Intangibles (Tables)
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the changes in the carrying amount of Goodwill for the six months ended June 30, 2021 (in thousands):
Balance as of December 31, 2020 Goodwill additions through acquisitions Valuation Measurement Period Adjustments Exchange rate fluctuations as of June 30, 2021 Balance as of June 30, 2021
Systat $ 520  $ 175  $ —  $ —  $ 695 
GTX —  —  — 
Nanotron 3,931  —  (255) (126) 3,549 
Locality 672  —  —  17  689 
Jibestream 1,463  —  —  39  1,502 
CXApp —  17,166  —  —  17,166 
Game Your Game —  286  —  —  286 
Total $ 6,588  $ 17,627  $ (255) (70) $ 23,890 
Schedule of Finite-Lived Intangible Assets
Intangibles assets at June 30, 2021 and December 31, 2021 consisted of the following (in thousands):

Gross Carrying Amount Accumulated Amortization Amount Remaining Weighted Average Useful Life
June 30, December 31, June 30, December 31,
2021 2020 2021 2020
IP Agreement $ 180  $ 186  $ (34) $ (12) 0.01
Trade Name/Trademarks $ 4,266  $ 1,112  $ (1,071) $ (854) 0.38
Webstores & Websites $ 404  $ —  $ (56) $ —  0.02
Customer Relationships $ 11,238  $ 5,590  $ (3,375) $ (2,972) 1.34
Developed Technology $ 38,630  $ 26,216  $ (17,484) $ (16,646) 2.35
Non-compete Agreements $ 5,227  $ 2,485  $ (1,395) $ (902) 0.3
Export License $ 14  $ —  $ (14) $ —  0
Totals $ 59,959  $ 35,589  $ (23,429) $ (21,386)
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Future amortization expense on intangibles assets is anticipated to be as follows (in thousands):

Amount
December 31, 2021 (for 6 months) 3,110 
December 31, 2022 6,166 
December 31, 2023 5,955 
December 31, 2024 4,990 
December 31, 2025 and thereafter 16,309 
$ 36,530