Company: AIP
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001628280-25-048977
Chunk: 256

Company: Arteris, Inc.
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 256
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Net Book ValueDeveloped technology$3,590 $(1,835)$1,755 Customer relationships1,830 (744)1,086 Trade name and other200 (17)183 Total intangibles$5,620 $(2,596)$3,024 Amortization expense of intangible assets was $0.3 million and $0.2 million for the three months ended September 30, 2025 and 2024, respectively, and $0.7 million and $0.6 million for the nine months ended September 30, 2025 and 2024, respectively.The expected future amortization expense of these intangible assets as of September 30, 2025 is as follows (in thousands):Fiscal year ending December 31,AmountRemainder of 2025$193 2026544 2027527 2028516 2029340 Thereafter91 Total future amortization expense$2,211 GoodwillAs of both September 30, 2025 and December 31, 2024, goodwill was $4.2 million. No goodwill impairments were recorded during the three and nine months ended September 30, 2025 and 2024.

8.    LEASES

The Company leases its offices and data center hosting space at various locations under 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 EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Operating lease cost$386 $319 $1,131 $965 Short-term lease cost27 25 77 38 Total lease cost$413 $344 $1,208 $1,003 

15

The weighted-average remaining term of the Company’s operating leases was 4.0 years and 3.9 years as of September 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 September 30, 2025 and December 31, 2024. Cash payments made related to operating lease liabilities were $0.4