Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 132

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 132
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 (20,491)  (14,772)
 Intangibles, net      $22,191  $28,458 

   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.
    
   Amortization expense on intangible assets was as follows:  

       Year Ended December 31,  
   2024    2023  
 Amortization expense  $6,233  $6,097 

        F-
       19

        DIGIMARC CORPORATION

        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued)

        (In thousands, except per share data)

   For intangible assets recorded at  December 31, 2024, the estimated future aggregate amortization expense for the years ending  December 31, 2025 through  December 31, 2029 is as follows:

       Amortization  
 As of December 31, 2024   Expense  
 2025  $6,099 
 2026   6,068 
 2027   1,536 
 2028   1,525 
 2029   1,495 

   (11) Leases
    
   The Company accounts for leases in accordance with ASC 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. The remaining rent payments as of
     December 31, 2024 were 
    $7,796 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.

    The lease term of the Company’s former corporate headquarters in Beaverton, Oregon ended in  March 2024, with no remaining rent payments as of  December 31, 2024. The Company stopped using this office space as its corporate headquarters in  March 2022.

   All of the Company’s leases are