Goodwill and Intangible Assets
|3 Months Ended|
Mar. 31, 2023
|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.
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):
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):
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef