Company: AIP
Filing Date: 2025-08-05
Form Type: 10-Q
Source: 0001667011-25-000029
Chunk: 258

Company: Arteris, Inc.
Filing Date: 2025-08-05
Form: 10-Q
Item: Part I, Item 8
Chunk 258
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 intangible assets was $0.2 million for both the three months ended June 30, 2025 and 2024 and $0.4 million for both the six months ended June 30, 2025 and 2024.The expected future amortization expense of these intangible assets as of June 30, 2025 is as follows (in thousands):Fiscal year ending December 31,AmountRemainder of 2025$414 2026544 2027527 2028516 2029340 Thereafter91 Total future amortization expense$2,432 GoodwillAs of both June 30, 2025 and December 31, 2024, goodwill was $4.2 million. No goodwill impairments were recorded during the three and six months ended June 30, 2025 and 2024.

8.    LEASES

The Company leases its offices and data center housing space at various locations under non-cancelable operating lease agreements expiring at various dates through 2034. Under the terms of these agreements, the Company also bears the costs for certain insurance, property tax, and maintenance. The terms of certain lease agreements provide for increasing rental payments at fixed intervals.Total operating lease related costs were as follows (in thousands):Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Operating lease cost$382 $322 $745 $646 Short-term lease cost24 9 50 13 Total lease cost$406 $331 $795 $659 

15

The weighted-average remaining term of the Company’s operating leases was 4.2 years and 3.9 years as of June 30, 2025 and December 31, 2024, respectively. The weighted-average discount rate used to measure the present value of the operating lease liabilities was 10.0% as of both June 30, 2025 and December 31, 2024. Cash payments made related to operating lease liabilities were $0.5 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively, and $0.8 million and $0.5 million for the six months ended June 30, 2025 and 2024, respectively.Maturities of operating lease liabilities as of June 30, 2025 were as follows (in thousands):Fiscal