Intangible Assets |
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| Goodwill and Intangible Assets Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets |
11. Intangible Assets
The following provides a breakdown of identifiable intangible assets as of March 31, 2025 and December 31, 2024 ($ in thousands):
In connection with the May 15, 2024 Silly George acquisition, the Company identified intangible assets of $600 thousand representing trademark related intangibles with indefinite lives.
Intangible assets with indefinite lives are tested for impairment within one year of the acquisition date or annually as of December 31, and whenever indicators of impairment exist.
These assets are being amortized on a straight-line basis over their weighted average estimated useful life of 1.7 years and amortization expense amounted to $32 and $24 thousand for the three months ended March 31, 2025 and 2024, respectively.
As of March 31, 2025, the estimated annual amortization expense for each of the next five fiscal years is as follows ($ in thousands):
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