Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.1.u1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible assets

Intangible assets consisted of the following:

 

 

 

 

March 31,

 

 

December 31,

 

 

 

Useful Life

 

2024

 

 

2023

 

Proprietary technology and capitalized internal-use software

 

3 - 7 years

 

$

44,943

 

 

$

43,105

 

Work in process

 

 

 

 

1,680

 

 

 

1,695

 

Customer relationships

 

10 - 15 years

 

 

160,500

 

 

 

160,500

 

Trade names

 

9 - 15 years

 

 

15,960

 

 

 

15,960

 

Less: accumulated amortization

 

 

 

 

(50,708

)

 

 

(44,719

)

Intangible assets, net

 

 

 

$

172,375

 

 

$

176,541

 

Schedule of amortization expense of intangible assets

The following table summarizes estimated future amortization expense of intangible assets placed in service at March 31, 2024 for the years ending:

Remainder of 2024

 

 

 

 

 

$

18,173

 

2025

 

 

 

 

 

 

24,231

 

2026

 

 

 

 

 

 

24,231

 

2027

 

 

 

 

 

 

23,659

 

2028

 

 

 

 

 

 

21,350

 

Thereafter

 

 

 

 

 

 

59,051

 

 

 

 

 

 

$

170,695