Intangible Assets, net and Goodwill
|3 Months Ended|
Mar. 31, 2023
|Intangible Assets, net and Goodwill|
|Intangible Assets, net and Goodwill||
Note 4 – Intangible Assets, net and Goodwill
Finite-lived Intangible Assets
All of our finite-lived intangible assets, including capitalized software, as of March 31, 2023 and December 31, 2022 are attributable to Ample. We did not capitalize any software development costs during the three months ended March 31, 2023; however, we capitalized $1.5 million during the three months ended March 31, 2022.
We performed a two step impairment test for the asset groups that had indicators of impairment during the and 2022 and ultimately did not record any impairments during either of these periods.
Non-Enterprise Reporting Unit
For the three months ended March 31, 2023, no impairment to goodwill was recorded for our Non-Enterprise business unit as the fair value exceeded the carrying value as of March 31, 2023. All of the goodwill as of March 31, 2023 is attributable to Ample. For the three months ended March 31, 2022, due primarily to declines in market valuation from December 31, 2021, we recorded an impairment charge of $15.5 million of which $8.0 million was attributable to Ample, $6.3 million was attributable to Solo and $1.2 million was attributable to Trellis. The remaining goodwill associated with Solo and Trellis was fully impaired in the second half of 2022.
Enterprise Reporting Unit
For the , no impairments to goodwill were recorded for our Enterprise business unit as there was no goodwill asset present as of March 31, 2023 and the fair value exceeded the carrying value as of . All of the goodwill as of was attributable to Viridian which was fully impaired in the second half of 2022.
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef