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Intangible Assets (Q2)
6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible Assets
6.
Intangible Assets
Intangible assets consisted of the following as of June 30, 2024 and December 31, 2023 (in thousands):

 
June 30, 2024
 
Weighted
Average
Amortization
Period
(Years)
Gross
Intangible
Assets
Accumulated
Amortization
Net Intangible
Assets
Trade and domain names
15.0
$7,256
$(5,249)
$2,007
Software technology
5.0
249
(137)
112
Customer relationships
8.0
170
(59)
111
Total intangible assets
14.5
$7,675
$(5,445)
$2,230

 
December 31, 2023
 
Weighted
Average
Amortization
Period
(Years)
Gross
Intangible
Assets
Accumulated
Amortization
Net Intangible
Assets
Trade and domain names
15.0
$7,256
$(5,008)
$2,248
Software technology
5.0
249
(112)
137
Customer relationships
8.0
170
(48)
122
Total intangible assets
14.5
$7,675
$(5,168)
$2,507
Amortization expense for intangible assets was $0.1 million and $0.5 million during the three months ended June 30, 2024 and 2023, respectively. Amortization expense for intangible assets was $0.3 million and $1.1 million during the six months ended June 30, 2024 and 2023, respectively.
The estimated future amortization expense of intangible assets as of June 30, 2024 is as follows (in thousands):

Remaining period in 2024 (six months)
$278
Year ended December 31, 2025
555
Year ended December 31, 2026
543
Year ended December 31, 2027
505
Year ended December 31, 2028
222
Thereafter
127
Total
$2,230
9.
Goodwill and Intangible Assets
Goodwill
Goodwill totaled $68.4 million as of December 31, 2023 and 2022. No goodwill impairment charges were recorded for the years ended December 31, 2023, 2022 and 2021.
Intangible Assets
Intangible assets consisted of the following for the periods presented below (in thousands):

 
December 31, 2023
 
Weighted Average
Amortization Period
(Years)
Gross Intangible
Assets
Accumulated
Amortization
Net Intangible
Assets
Trade and domain names
15.0
$7,256
$(5,008)
$2,248
Software technology
5.0
249
(112)
137
Customer relationships
8.0
170
(48)
122
Total intangible assets
14.5
$7,675
$(5,168)
$2,507

 
December 31, 2022
 
Weighted Average
Amortization Period
(Years)
Gross Intangible
Assets
Accumulated
Amortization
Net Intangible
Assets
Trade and domain names
14.4
$7,635
$(4,699)
$2,936
Software technology
6.9
7,516
(4,413)
3,103
Customer relationships
11.5
5,211
(921)
4,290
Order Backlog
1.0
$210
$(200)
$10
Total intangible assets
10.8
$20,572
$(10,233)
$10,339
Amortization expense for intangible assets was $7.8 million, $2.7 million and $1.3 million for the years ended December 31, 2023, 2022 and 2021, respectively. The Company recorded an impairment charge of $6.1 million for the year ended December 31, 2023 related to intangible assets associated with certain product offerings that were sunset in December 2023, which is included in asset impairment charges in the consolidated statements of operations. No intangible asset impairment charges have been recorded for the years ended December 31, 2022 and 2021.
The estimated future amortization expense of intangible assets as of December 31, 2023 is as follows (in thousands):

 
Amortization
Years ended December 31,
 
2024
$555
2025
555
2026
543
2027
505
2028
222
Thereafter
127
 
$2,507