Fathom Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net

Intangible Assets, Net

6 Months Ended

Jun. 30, 2023

Intangible Assets, Net

Intangible Assets, Net

Note 5. Intangible Assets, Net

Intangible assets, net consisted of the following (amounts in thousands):


	June 30, 2023
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Value
Trade names	$	7,956		(1,660)	$	6,296
Software development		13,247		(4,231)		9,016
Customer relationships		8,180		(2,642)		5,538
Agent relationships		5,856		(1,407)		4,449
Know-how		430		(190)		240
	$	35,669	$	(10,130)	$	25,539


	December 31, 2022
	Gross Carrying		Accumulated		Net Carrying
	Amount		Amortization		Value
Trade names	$	7,956	$	(1,262)	$	6,694
Software development		12,348		(3,029)		9,319
Customer relationships		8,180		(2,085)		6,095
Agent relationships		5,856		(988)		4,868
Know-how		430		(147)		283
	$	34,770	$	(7,511)	$	27,259

Estimated future amortization of intangible assets as of June 30, 2023 was as follows (amounts in thousands):


Years Ending December 31,
2023 (remaining)	$	2,678
2024		5,241
2025		4,989
2026		4,353
2027		3,353
Thereafter		4,925
Total	$	25,539

The aggregate amortization expense for intangible assets was $1.4 million and $1.2 million, of which $0.7 million and $1.0 million was included in technology and development expense for the three months ended June 30, 2023 and 2022, respectively.

The aggregate amortization expense for intangible assets was $2.6 million and $2.1 million, of which $1.4 million and $1.5 million was included in technology and development expense for the six months ended June 30, 2023 and 2022, respectively.