XML 119 R13.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2024
GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS | ​ ​
6. | GOODWILL AND INTANGIBLE ASSETS
Goodwill was $16,682 as of March 31, 2024 and $16,982 as of December 31, 2023. As of March 31, 2024, the Company recorded cumulative translation adjustment of ($300) related to Canadian goodwill. Additionally, if current assumptions and estimates, including projected revenues and income growth rates, terminal growth rates, competitive and consumer trends, market-based discount rates, and other market factors, are not met, or if valuation factors outside of the Company’s control change unfavorably, the estimated fair value of goodwill could be adversely affected, leading to a potential impairment in the future. For the three months ended March 31, 2024, no events occurred that indicated it was more likely than not that goodwill was impaired. The following tables present definite-lived intangible assets as of March 31, 2024 and December 31, 2023, in thousands: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, 2024
​ | ​ | Gross | ​ | Accumulated | ​ | Net Carrying
​ |  | Amount |  | Amortization |  | Amount
Trade name |  | $ 2,661 |  | ($ 1,071) |  | $ 1,590
Existing technology | ​ | 3,254 | ​ | (1,351) | ​ | 1,903
Non-competition agreements | ​ | 461 | ​ | (125) | ​ | 336
Customer relationships | ​ | 1,284 | ​ | (675) | ​ | 609
Licensing agreement | ​ | 210 | ​ | (210) | ​ | -
Intellectual property | ​ | 2,836 | ​ | (630) | ​ | 2,206
Total intangible assets |  | $ 10,706 |  | ($ 4,062) |  | $ 6,644
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ | ​ | Gross | ​ | Accumulated | ​ | Net Carrying
​ | ​ | Operations |  | Amortization |  | Amount
Trade name |  | $ 2,672 |  | ($ 1,030) |  | $ 1,642
Existing technology | ​ | 3,263 | ​ | (1,122) | ​ | 2,141
Non-competition agreements | ​ | 468 | ​ | (125) | ​ | 343
Customer relationships | ​ | 1,285 | ​ | (652) | ​ | 633
Licensing agreement | ​ | 210 | ​ | (210) | ​ | -
Intellectual property | ​ | 2,836 | ​ | (583) | ​ | 2,253
Total intangible assets |  | $ 10,734 |  | ($ 3,722) |  | $ 7,012
​ Definite-lived intangible assets are amortized using the straight-line method over an asset’s estimated useful life. Amortization expense for definite-lived intangible assets for the three months ended March 31, 2024 and 2023 was $340 and $512, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration