General form of registration statement for all companies including face-amount certificate companies

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.21.2
GOODWILL AND INTANGIBLE ASSETS (Tables) - OLD PlayStudios, Inc.
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Schedule of Goodwill and Intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2021

 

December 31, 2020

 

 

Gross

 

 

 

 

Net

 

Gross

 

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

Carrying

 

Carrying

 

Accumulated

 

Net Carrying

 

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Amortizable intangible assets:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Licenses

 

$

1,000

 

$

(550)

 

$

450

 

$

1,000

 

$

(500)

 

$

500

Trade names

 

 

1,240

 

 

(1,178)

 

 

62

 

 

1,240

 

 

(1,116)

 

 

124

 

 

 

2,240

 

 

(1,728)

 

 

512

 

 

2,240

 

 

(1,616)

 

 

624

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nonamortizable intangible assets:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Marketing Agreement with a related party

 

 

1,000

 

 

 —

 

 

1,000

 

 

1,000

 

 

 —

 

 

1,000

Total intangible assets

 

$

3,240

 

$

(1,728)

 

$

1,512

 

$

3,240

 

$

(1,616)

 

$

1,624

 

The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

December 31, 2019

 

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

Net Carrying

 

Carrying

 

Accumulated

 

Net Carrying

 

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Amortizable intangible assets:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Licenses

 

$

1,000

 

$

(500)

 

$

500

 

$

3,500

 

$

(2,550)

 

$

950

Trade names

 

 

1,240

 

 

(1,116)

 

 

124

 

 

1,240

 

 

(868)

 

 

372

 

 

 

2,240

 

 

(1,616)

 

 

624

 

 

4,740

 

 

(3,418)

 

 

1,322

Nonamortizable intangible assets:

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

 

 

  

Marketing Agreement with a related party

 

 

1,000

 

 

 —

 

 

1,000

 

 

1,000

 

 

 —

 

 

1,000

Total intangible assets

 

$

3,240

 

$

(1,616)

 

$

1,624

 

$

5,740

 

$

(3,418)

 

$

2,322

 

Schedule of Estimated annual amortization expense

 

 

 

 

 

 

Projected

 

 

Amortization

Year Ending December 31, 

    

Expense

Remainder of 2021

 

$

212

2022

 

 

200

2023

 

 

100

2024

 

 

 —

2025

 

 

 —

Total

 

$

512

 

As of December 31, 2020, the estimated annual amortization expense for the years ending December 31, 2021 through 2025 is as follows (in thousands):

 

 

 

 

 

 

Projected 

 

 

Amortization

Year Ending December 31,

     

Expense

2021

 

$

324

2022

 

 

200

2023

 

 

100

2024

 

 

 —

2025

 

 

 —

Total

 

$

624