Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill
The following table provides the changes in the carrying amount of goodwill for the years ended December 31, 2022 and December 31, 2021:
Goodwill, Gross Accumulated Impairment Goodwill, Net
Balance as of December 31, 2020
 $ 5,059  $ —  $ 5,059 
Additions from acquisitions —  —  — 
Measurement period adjustments —  —  — 
Balance as of December 31, 2021
 5,059  —  5,059 
Additions from acquisitions 42,074  —  42,074 
Measurement period adjustments —  —  — 
Balance as of December 31, 2022 $ 47,133  $ —  $ 47,133 
Schedule of Estimated Useful Lives of the Company’s Intangible Assets The estimated useful lives of the Company’s intangible assets are as follows:
Estimated Useful Life
Licenses 2 - 5 years
Trade names 5 - 10 years
Acquired technology 5 years
Customer relationships 5 years
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
December 31, 2022 December 31, 2021
Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount		 Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount
Amortizable intangible assets:
Licenses $ 21,040  $ (7,962) $ 13,078  $ 19,000  $ (1,245) $ 17,755 
Acquired technology 15,003  (830) 14,173  —  —  — 
Customer relationships 12,000  (600) 11,400  —  —  — 
Trade names 2,740  (1,278) 1,462  1,240  (1,240) — 
50,783  (10,670) 40,113  20,240  (2,485) 17,755 
Nonamortizable intangible assets:
Marketing Agreement with MGM Resorts International 1,000  —  1,000  1,000  —  1,000 
Total intangible assets $ 51,783  $ (10,670) $ 41,113  $ 21,240  $ (2,485) $ 18,755 
Schedule of Indefinite-Lived Intangible Assets
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
December 31, 2022 December 31, 2021
Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount		 Gross
Carrying
Amount		 Accumulated
Amortization		 Net
Carrying
Amount
Amortizable intangible assets:
Licenses $ 21,040  $ (7,962) $ 13,078  $ 19,000  $ (1,245) $ 17,755 
Acquired technology 15,003  (830) 14,173  —  —  — 
Customer relationships 12,000  (600) 11,400  —  —  — 
Trade names 2,740  (1,278) 1,462  1,240  (1,240) — 
50,783  (10,670) 40,113  20,240  (2,485) 17,755 
Nonamortizable intangible assets:
Marketing Agreement with MGM Resorts International 1,000  —  1,000  1,000  —  1,000 
Total intangible assets $ 51,783  $ (10,670) $ 41,113  $ 21,240  $ (2,485) $ 18,755 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
As of December 31, 2022, the estimated annual amortization expenses for the years ending December 31, 2022 through 2027 is as follows:
Year Ending December 31, Projected Amortization
Expense
2023 $ 13,137 
2024 11,042 
2025 5,551 
2026 5,551 
2027 4,120 
Thereafter 712 
Total $ 40,113