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INTANGIBLES ASSETS, NET
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLES ASSETS, NET INTANGIBLES ASSETS, NET
Website acquisitions, net consisted of the following:
(in thousands)
March 31, 2024December 31, 2023
Website acquisition assets$1,124 $1,124 
Less: accumulated amortization(1,124)(1,123)
Website acquisition assets, net$— $
Other intangible assets, net consisted of the following:
As of March 31, 2024As of December 31, 2023
(in thousands)
Useful Life
(Years)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Trade name
2 - 10
$8,381 $(3,324)$5,057 $8,381 $(3,167)$5,214 
IP/technology105,821 (2,279)3,542 5,821 (2,180)3,641 
Customer relationships
5 - 10
13,380 (7,226)6,154 13,380 (7,002)6,378 
Non-compete agreements
3 - 5
402 (402)— 402 (402)— 
Total$27,984 $(13,231)$14,753 $27,984 $(12,751)$15,233 

(in thousands)March 31, 2024December 31, 2023
Website$— $
Other intangibles14,753 15,233 
Total intangible, net$14,753 $15,234 

Amortization expense for the three months ended March 31, 2024 and 2023 was approximately $481,000 and $386,000, respectively. Amortization expense related to both the website acquisition costs and the intangible assets and is included in general and administrative expense in the statements of operations and comprehensive loss.
The Company performed an impairment assessment during the year ended December 31, 2023, and recorded an impairment loss of $2.9 million.
As of March 31, 2024, expected remaining amortization expense of intangible assets and website acquisition by fiscal year is as follows:
(in thousands)
Remainder of 2024$1,441 
20251,845 
20261,769 
20271,769 
20281,769 
Thereafter6,160 
Total expected amortization expense$14,753