Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 84

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1
Chunk 84
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$1.0 million decrease in general and administrative expenses for the twelve months ended December 31, 2024, compared to the twelve months ended December 31, 2023, was primarily due to:

      • 
      lower cash compensation costs of $0.4 million, primarily reflecting lower headcount, net of annual compensation adjustments; 

      • 
     lower stock compensation costs of $0.4 million;

      • 
      lower depreciation and amortization costs of $0.3 million; and 

      • 
      lower other costs of $0.3 million, primarily reflecting lower accounting and tax costs; partially offset by 

      • 
      higher professional services and consulting costs of $0.4 million. 

Amortization expense on acquired intangible assets

      Year Ended December 31, 

      Dollar 

      Percent 

      2024 

      2023 

      Increase/(Decrease) 

      Increase/(Decrease) 

      Amortization expense on acquired intangible assets 
      
     $
     1,097

     $
     1,065

     $
     32

     3
     %

      Amortization expense on acquired intangible assets (as % of total revenue) 

     3
     %

     3
     %

Amortization expense on acquired intangible assets relates to amortization expense recognized on the customer relationships intangible asset acquired in the EVRYTHNG acquisition.

The increase in amortization expense on acquired intangible assets was primarily due to the impact of changes in foreign currency exchange rates.

Impairment of lease right of use assets and leasehold improvements

      Year Ended December 31, 

      Dollar 

      Percent 

      2024 

      2023 

      Increase/(Decrease) 

      Increase/(Decrease) 

      Impairment of lease right of use assets and leasehold improvements 
      
     $
     —

     $
     250

     $
     (250
     )

     (100
     )%

      Impairment of lease right of use assets and leasehold improvements (as % of total revenue) 

      —% 

     1
     %

The $0.3 million decrease in impairment of lease right of use assets and leasehold improvements for the twelve months ended December 31, 2024, compared to the corresponding twelve months ended December 31, 2023, was primarily due to an impairment charge recorded