Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

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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):

March 31, 2023
Gross Amount Accumulated Amortization Spin-Off Net Carrying Amount Remaining Weighted Average Useful Life
IP Agreement $ 165  $ (103) $ —  $ 62  1.50
Trade Name/Trademarks 1,792  (306) (1,367) 119  3.75
Customer Relationships 6,211  (843) (4,454) 914  2.61
Developed Technology 14,772  (1,690) (11,466) 1,616  4.97
Non-compete Agreements 1,837  (534) (1,204) 99  0.49
Totals $ 24,777  $ (3,476) $ (18,491) $ 2,810 
December 31, 2022
Gross Amount Accumulated Amortization Impairment Spin-Off Net Carrying Value
IP Agreement $ 162  $ (91) $ —  $ —  $ 71 
Trade Name/Trademarks 3,590  (1,414) (593) (1,458) 125 
Webstores & Websites 404  (258) (146) —  — 
Customer Relationships 9,121  (2,776) (749) (4,636) 960 
Developed Technology 21,777  (5,385) (2,921) (11,781) 1,690 
Non-compete Agreements 4,270  (2,488) (220) (1,414) 148 
Totals $ 39,324  $ (12,412) $ (4,629) $ (19,289) $ 2,994 


Amortization Expense:

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):

Amount
December 31, 2023 (for 9 months) $ 627 
December 31, 2024 688 
December 31, 2025 605 
December 31, 2026 413 
December 31, 2027 326 
December 31, 2028 and thereafter 151 
$ 2,810