PLAYSTUDIOS, Inc. Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

9 Months Ended

Sep. 30, 2021

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


	September 30, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable intangible assets:
Licenses	$	1,000	$	(650)	$	350	$	1,000	$	(500)	$	500
Trade names	1,240		(1,240)		—		1,240		(1,116)		124
	2,240		(1,890)		350		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	$	(1,890)	$	1,350	$	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:


	September 30, 2021						December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable intangible assets:
Licenses	$	1,000	$	(650)	$	350	$	1,000	$	(500)	$	500
Trade names	1,240		(1,240)		—		1,240		(1,116)		124
	2,240		(1,890)		350		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	$	(1,890)	$	1,350	$	3,240	$	(1,616)	$	1,624

As of September 30, 2021, the estimated annual amortization expense for the years ending December 31, 2021 through 2025 is as follows:


Year Ending December 31,	Projected Amortization Expense
Remaining 2021	$	50
2022	200
2023	100
2024	—
2025	—
Total	$	350