Company: LPSN
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001102993-25-000187
Chunk: 119

Company: LIVEPERSON INC
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 119
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 December 31, 2024, the accumulated impairment balance was $72.4 million.During the nine months ended September 30, 2024, the Company recorded a non-cash impairment charge of $3.6 million in the condensed consolidated statements of operations, to recognize a full impairment of goodwill associated with its WildHealth reporting unit, which was sold in 2024. There were no other impairments of goodwill during the three and nine months ended September 30, 2024.Intangible Assets, NetIntangible assets, net are summarized as follows: September 30,December 31,20252024(In thousands)Patents: Gross carrying amount$18,571 $17,609 Accumulated amortization(3,055)(2,539)Net carrying amount$15,516 $15,070 Weighted average amortization period13.5 years12.7 yearsAmortization expense is recognized over the estimated useful life of the asset. Aggregate amortization expense for intangible assets and finance leases, net was $0.2 million and $0.6 million for the three and nine months ended September 30, 2025, respectively, and $3.7 million and $11.6 million for the three and nine months ended September 30, 2024, respectively.There were no impairments of intangible assets during the three and nine months ended September 30, 2025. The Company recognized a non-cash impairment charge of $2.2 million included in Impairment of intangibles and other assets in the condensed consolidated statements of operations during the nine months ended September 30, 2024, related to intangible assets associated with its WildHealth reporting unit, which was sold in 2024. 

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

As of September 30, 2025, estimated annual amortization expense for the next five years and thereafter is as follows:  Estimated Amortization Expense(In thousands)Remainder of 2025$168 2026610 2027578 2028577 2029561 Thereafter13,022 Total$15,516 

Note 6. Property and Equipment, Net

Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives