Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 130

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 18
Chunk 130
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 2024          $             $               35,997      $                                                               $             44,130      35,997  

1. Relates to goodwill and tradenames recognized by NetDragon in connection with its 2015 acquisition of Promethean World Limited.

2. Relates to goodwill recognized as a result of the 2022 acquisition of Explain Everything as discussed in Note 3 - Acquisitions and Disposition.

3. Relates to goodwill recognized as a result of the 2023 acquisition of GEH Singapore as discussed in Note 3 - Acquisitions and Disposition. In 2024, the Company completed the purchase price allocation and assigned goodwill equally to both the eLMTree and GEH Singapore reporting units.

Finite-Lived Intangible Assets

The components of finite-lived intangible assets are as follows:

                                            December 31, 2024                                                                                                                                                  
                                            Gross Carrying Amount                  Accumulated Amortization                     Net Book Value                 Weighted Average Remaining Useful Life (Years)  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Customer relationships                    $                          10,514      $                             ( 10,514)      $                   —                                                    0.00  
  Patent and developed technology                                      37,312                                    ( 33,980)                          3,332                                                0.84  
  Tradenames                                570                                    ( 394)                                       176                                                                      0.92  
  Non-compete agreements                    54                                     ( 38)                                        16                                                                       0.92  
  Total finite-lived intangible assets      $                          48,450      $                             ( 44,926)      $                   3,524                                                0.84  

                                       December 31, 2023                                                                                                                                                  
                                       Gross Carrying Amount                  Accumulated Amortization                     Net Book Value                 Weighted Average Remaining Useful Life (Years)  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Customer relationships               $                          10,514      $                             ( 10,514)      $                   —                                                    0.00  
  Patent and developed technology                                 37,323                                    ( 30,023)                          7,300                                                1.90  
  Tradenames                           576                                    ( 207)                                       369                                                                      2.00