Company: DMRC
Filing Date: 2025-05-06
Form Type: 10-Q
Source: 0001437749-25-014773
Chunk: 14

Company: Digimarc CORP
Filing Date: 2025-05-06
Form: 10-Q
Item: Part I, Item 8
Chunk 14
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)  (20,491)
 Intangibles, net      $21,162  $22,191 

   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 and Comprehensive Loss.
    
   Amortization expense on intangible assets was as follows:

       Three Months Ended March 31,  
   2025    2024  
 Amortization expense  $1,537  $1,550 

   For intangible assets recorded at  March 31, 2025, the estimated future aggregate amortization expense for the years ending  December 31, 2025 through  December 31, 2029 is as follows:

       Amortization  
 As of March 31, 2025   Expense  
 Remaining in 2025  $4,695 
 2026   6,235 
 2027   1,567 
 2028   1,556 
 2029   1,527 

   12. Leases
    
   The Company accounts for leases in accordance with ASC 842, “Leases.”
    
   The Company entered into a sublease agreement and lease extension agreement for office space in Beaverton, Oregon in  February 2022 to move the Company’s corporate headquarters. The term of the sublease and lease extension runs through  September 2030, with remaining rent payments as of  March 31, 2025, totaling $7,476 plus operating expenses, payable in monthly installments. The first 26 months of rent payments and operating expenses were abated to cover the remaining lease term on the Company’s former corporate headquarters.
       
   All of the Company’s leases are operating leases. The following table provides additional details of leases presented in the Consolidated Balance Sheets:

       March 31,    December 31,  
   2025    2024  
 Lease right of use assets  $3,561  $3,659 
 Lease liabilities, current  $809  $781 
 Lease liabilities, long-term  $5,003  $5,213 
         
 Weighted-average remaining life (in years)   5.5