Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.3
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible assets

Intangible assets consisted of the following:

 

 

 

 

 

September 30,

 

 

December 31,

 

 

 

Useful Life

 

2024

 

 

2023

 

Proprietary technology and capitalized internal-use software

 

3 - 7 years

 

$

50,160

 

 

$

43,105

 

Work in process

 

 

 

 

1,882

 

 

 

1,695

 

Customer relationships

 

10 - 15 years

 

 

160,500

 

 

 

160,500

 

Trade names

 

9 - 15 years

 

 

15,960

 

 

 

15,960

 

Less: accumulated amortization

 

 

 

 

(63,122

)

 

 

(44,719

)

Intangible assets, net

 

 

 

$

165,380

 

 

$

176,541

 
Schedule of amortization expense of intangible assets

The following table summarizes estimated future amortization expense of intangible assets placed in service at September 30, 2024 for the years ending:

Remainder of 2024

 

 

 

 

 

$

6,319

 

2025

 

 

 

 

 

 

25,275

 

2026

 

 

 

 

 

 

25,275

 

2027

 

 

 

 

 

 

24,703

 

2028

 

 

 

 

 

 

22,394

 

Thereafter

 

 

 

 

 

 

59,532

 

 

 

 

 

 

$

163,498