| Schedule of Goodwill Activity |
The following table summarizes goodwill activity:
|
|
|
|
|
|
|
|
|
Balance at December 31, 2022 |
|
$ |
165,697 |
|
Acquisitions - XPS and Rumble studios |
|
|
11,741 |
|
Impairments |
|
|
(6,737 |
) |
Balance at December 31, 2023 |
|
|
170,701 |
|
Acquisition - Lindora |
|
|
2,346 |
|
Impairment |
|
|
(37,807 |
) |
Balance at December 31, 2024 |
|
$ |
135,240 |
|
|
| Schedule of Intangible Assets |
Intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2024 |
|
|
December 31, 2023 |
|
|
|
Amortization
period
(years) |
|
Gross
amount |
|
|
Accumulated
amortization |
|
|
Net
amount |
|
|
Gross
amount |
|
|
Accumulated
amortization |
|
|
Net
amount |
|
Trademarks |
|
10 |
|
$ |
23,410 |
|
|
$ |
(6,828 |
) |
|
$ |
16,582 |
|
|
$ |
20,710 |
|
|
$ |
(4,487 |
) |
|
$ |
16,223 |
|
Franchise agreements |
|
7.5 – 10 |
|
|
31,800 |
|
|
|
(22,210 |
) |
|
|
9,590 |
|
|
|
57,700 |
|
|
|
(29,990 |
) |
|
|
27,710 |
|
Reacquired franchise rights |
|
6.2 |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
137 |
|
|
|
(13 |
) |
|
|
124 |
|
Intellectual property |
|
5 |
|
|
670 |
|
|
|
(134 |
) |
|
|
536 |
|
|
|
735 |
|
|
|
(38 |
) |
|
|
697 |
|
Web design and domain |
|
3 – 10 |
|
|
413 |
|
|
|
(380 |
) |
|
|
33 |
|
|
|
365 |
|
|
|
(269 |
) |
|
|
96 |
|
Deferred video production costs |
|
3 |
|
|
6,102 |
|
|
|
(4,255 |
) |
|
|
1,847 |
|
|
|
5,611 |
|
|
|
(3,563 |
) |
|
|
2,048 |
|
Other intangible assets |
|
1 |
|
|
560 |
|
|
|
(560 |
) |
|
|
— |
|
|
|
560 |
|
|
|
— |
|
|
|
560 |
|
Total definite-lived intangible assets |
|
|
|
|
62,955 |
|
|
|
(34,367 |
) |
|
|
28,588 |
|
|
|
85,818 |
|
|
|
(38,360 |
) |
|
|
47,458 |
|
Indefinite-lived intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trademarks |
|
N/A |
|
|
72,356 |
|
|
|
— |
|
|
|
72,356 |
|
|
|
72,607 |
|
|
|
— |
|
|
|
72,607 |
|
Total intangible assets |
|
|
|
$ |
135,311 |
|
|
$ |
(34,367 |
) |
|
$ |
100,944 |
|
|
$ |
158,425 |
|
|
$ |
(38,360 |
) |
|
$ |
120,065 |
|
|
| Schedule of Anticipated Future Amortization Expense of Intangible Assets |
The anticipated future amortization expense of intangible assets is as follows:
|
|
|
|
|
|
|
Amount |
|
2025 |
|
$ |
7,505 |
|
2026 |
|
|
5,010 |
|
2027 |
|
|
3,475 |
|
2028 |
|
|
3,128 |
|
2029 |
|
|
2,856 |
|
Thereafter |
|
|
6,614 |
|
Total |
|
$ |
28,588 |
|
|