| Summary of Intangible Assets |
The following table summarizes the Company’s intangible assets, net:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2024 |
|
|
|
Estimated
Useful Lives
(Years) |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
Customer relationships |
|
5-19 |
|
$ |
83,716 |
|
|
$ |
(22,810 |
) |
|
$ |
60,906 |
|
Developed websites, technology and patents |
|
10 |
|
|
32,935 |
|
|
|
(11,493 |
) |
|
|
21,442 |
|
Trademark, trade name and domain name |
|
5-16 |
|
|
7,583 |
|
|
|
(3,479 |
) |
|
|
4,104 |
|
Proprietary user information database and internet traffic |
|
5 |
|
|
1,100 |
|
|
|
(1,100 |
) |
|
|
— |
|
Non-compete agreements |
|
1.5-3 |
|
|
600 |
|
|
|
(477 |
) |
|
|
123 |
|
Total intangible assets |
|
|
|
$ |
125,934 |
|
|
$ |
(39,359 |
) |
|
$ |
86,575 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
Estimated
Useful Lives
(Years) |
|
Gross
Carrying
Amount |
|
|
Accumulated
Amortization |
|
|
Net |
|
Customer relationships |
|
5-19 |
|
$ |
83,959 |
|
|
$ |
(21,604 |
) |
|
$ |
62,355 |
|
Developed websites, technology and patents |
|
10 |
|
|
33,202 |
|
|
|
(10,802 |
) |
|
|
22,400 |
|
Trademark, trade name and domain name |
|
5-16 |
|
|
7,627 |
|
|
|
(3,365 |
) |
|
|
4,262 |
|
Proprietary user information database and internet traffic |
|
5 |
|
|
1,106 |
|
|
|
(1,106 |
) |
|
|
— |
|
Non-compete agreements |
|
1.5-3 |
|
|
600 |
|
|
|
(454 |
) |
|
|
146 |
|
Total intangible assets |
|
|
|
$ |
126,494 |
|
|
$ |
(37,331 |
) |
|
$ |
89,163 |
|
|
| Schedule of Amortization Expense of Intangible Assets |
The Company expects amortization expense of intangible assets to be as follows:
|
|
|
|
|
Years Ending December 31: |
|
Amortization
Expense |
|
2024 (April 1 – December 31) |
|
$ |
6,593 |
|
2025 |
|
|
8,752 |
|
2026 |
|
|
8,698 |
|
2027 |
|
|
8,694 |
|
2028 |
|
|
8,694 |
|
Thereafter |
|
|
45,144 |
|
Total |
|
$ |
86,575 |
|
|