Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.2.u1
Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible assets

Intangible assets consisted of the following:

 

 

 

 

 

June 30,

 

 

December 31,

 

 

 

Useful Life

 

2024

 

 

2023

 

Proprietary technology and capitalized internal-use software

 

3 - 7 years

 

$

46,969

 

 

$

43,105

 

Work in process

 

 

 

 

1,706

 

 

 

1,695

 

Customer relationships

 

10 - 15 years

 

 

160,500

 

 

 

160,500

 

Trade names

 

9 - 15 years

 

 

15,960

 

 

 

15,960

 

Less: accumulated amortization

 

 

 

 

(56,833

)

 

 

(44,719

)

Intangible assets, net

 

 

 

$

168,302

 

 

$

176,541

 

Schedule of amortization expense of intangible assets

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

Remainder of 2024

 

 

 

 

 

$

12,318

 

2025

 

 

 

 

 

 

24,636

 

2026

 

 

 

 

 

 

24,636

 

2027

 

 

 

 

 

 

24,064

 

2028

 

 

 

 

 

 

21,755

 

Thereafter

 

 

 

 

 

 

59,187

 

 

 

 

 

 

$

166,596