Company: DMRC
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001437749-25-005471
Chunk: 34

Company: Digimarc CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7A
Chunk 34
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$63  $1,435 
 Software   5,476   5,497 
 Equipment   2,566   2,472 
 Leasehold improvements   203   1,861 
 Gross property and equipment   8,308   11,265 
 Less accumulated depreciation   (7,268)  (9,695)
 Property and equipment, net  $1,040  $1,570 

   (9) Goodwill

     Balance at December 31, 2022  $8,229 
 Currency translation adjustments   412 
 Balance at December 31, 2023  $8,641 
 Currency translation adjustments   (109)
 Balance at December 31, 2024  $8,532 

   (10) Intangibles
    
   Amortization of intangible assets acquired is calculated using the straight-line method over the estimated useful lives of the assets.

       Estimated Life    December 31,    December 31,  
   (years)    2024    2023  
 Capitalized patent costs   ~17  $9,174  $9,231 
             
 Intangible assets acquired:             
 Purchased intellectual property   10   250   250 
 Developed technology   5   22,504   22,836 
 Customer relationships   10   10,754   10,913 
 Gross intangible assets       42,682   43,230 
 Accumulated amortization       (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