XML 25 R15.htm IDEA: XBRL DOCUMENT v3.25.2
Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

Note 6. Intangible Assets and Goodwill

 

Intangible Assets

 

Intangible assets include Miami-Dade County Notices of Acceptances (NOA’s), which are certificates issued for approved products and required to market hurricane-resistant glass in Florida. Intangibles assets also include the intangibles acquired during the acquisition of Continental Glass Systems LLC.

 

   June 30, 2025 
   Gross   Acc. Amort.   Net 
Trade Names  $170   $(7)  $163 
Software and licenses   15,152    (9,172)   5,980 
Notice of Acceptances (NOAs), product designs and other intellectual property   6,260    (261)   5,999 
Contract Backlog   670    (37)   633 
Total  $22,252   $(9,477)  $12,775 

 

   December 31, 2024 
   Gross   Acc. Amort.   Net 
Notice of Acceptances (NOAs), product designs and other intellectual property   14,263    (9,874)   4,389 

 

The weighted average amortization period is 2.02 years.

 

During the three and six months ended June 30, 2025, the amortization expense amounted to $645 and $950, respectively, and was included within the general and administration expenses in our unaudited Condensed Consolidated Statement of Operations. Similarly, during the three and six months ended June 30, 2024, the amortization expense amounted to $342 and $684, respectively.

 

The estimated aggregate amortization expense for each of the five succeeding years as of June 30, 2025, is as follows:

 

Year ending December 31,    
2025  $1,718 
2026   3,095 
2027   2,956 
2028   2,619 
2029   1,341 
Thereafter   1,046 
Total  $12,775 

 

Goodwill

 

The table below provides a reconciliation of the beginning and ending balances of Goodwill recorded on the Company’s balance sheet:

 

      
Beginning balance - December 31, 2024  $23,561 
Continental Glass Acquisition   6,617 
Ending balance – June 30, 2025  $30,178