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Intangibles
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles

4. Intangibles

 

Intangible assets

 

The following table presents details of our purchased intangible assets as of September 30, 2024 and December 31, 2023:

 

   Balance at December 31, 2023   Additions   Impairments   Amortization   Foreign Exchange and Other   Balance at September 30, 2024 
Patents and trademarks  $            53,663   $8,768   $   $(4,930)  $   $             57,501 
Customer and merchant relationships   6,138           $(6,138)        
Trade names   1,609           $(1,609)        
   $61,410   $8,768   $   $(12,677)  $   $57,501 

 

The intangible assets are being amortized on a straight-line basis over their estimated useful lives of one year to twenty years.

 

Amortization expense for intangible assets was $12,677 and $28,689 for the nine months ended September 30, 2024 and 2023, respectively, and is included in depreciation and amortization on the accompanying unaudited condensed consolidated statements of operations and comprehensive loss.

 

Amortization expense for intangible assets was $1,819 and $10,747 for the three months ended September 30, 2024 and 2023, respectively.

 

The estimated future amortization expense of our intangible assets as of September 30, 2024 was as follows:

 

Year ending December 31,  Amount 
2024  $1,811 
2025  $7,246 
2026  $7,246 
2027  $7,246 
2028  $7,246 
Thereafter  $26,706 
Total  $57,501