Company: DMRC
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001437749-25-026996
Chunk: 22

Company: Digimarc CORP
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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5   24,554   22,504 
 Customer relationships   10   11,734   10,754 
 Gross intangible assets       45,770   42,682 
 Accumulated amortization       (25,175)  (20,491)
 Intangibles, net      $20,595  $22,191 

   The amortization of capitalized patent costs, purchased intellectual property, and developed technology is recorded in “cost of revenue” and the amortization of customer relationships is recorded in “operating expenses” in the Consolidated Statements of Operations and Comprehensive Loss.
    
   Amortization expense on intangible assets was as follows:

       Three Months Ended June 30,    Six Months Ended June 30,  
   2025    2024    2025    2024  
 Amortization expense  $1,625  $1,539  $3,162  $3,089 

   For intangible assets recorded at  June 30, 2025, the estimated future aggregate amortization expense for the years ending  December 31, 2025 through  December 31, 2029 is as follows:

       Amortization  
 As of June 30, 2025   Expense  
 Remaining in 2025  $3,296 
 2026   6,577 
 2027   1,633 
 2028   1,625 
 2029   1,596 

   12. Leases
    
   The Company accounts for leases in accordance with ASC No. 842, “Leases.”
    
   The Company entered into a sublease agreement and lease extension agreement for office space in Beaverton, Oregon in  February 2022 to move the Company’s corporate headquarters. The term of the sublease and lease extension runs through  September 2030, with remaining rent payments as of  June 30, 2025, totaling $7,146 plus operating expenses, payable in monthly installments. The first 26 months of rent payments and operating expenses were abated to cover the remaining lease term on the Company’s former corporate headquarters.
       
   All of the Company’s leases are operating leases. The following table provides additional details of leases presented in the Consolidated Balance Sheets:

       June