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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2025
GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS |
5. | GOODWILL AND INTANGIBLE ASSETS
Goodwill was $17,885 as of June 30, 2025 and $17,226 as of December 31, 2024. As of June 30, 2025, the Company recorded cumulative translation adjustment of $659 related to Canadian goodwill. The Company has a risk of future impairment to the extent that individual reporting unit performance does not meet projections. 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. Intangible assets, net consisted of the following: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ | Net Carrying
​ |  | Amount |  | Amortization |  | Impairment | ​ | Amount
Trade name |  | $ 2,069 |  | ($ 1,111) |  | $ - | ​ | $ 958
Existing technology | ​ | 5,522 | ​ | (4,274) | ​ | - | ​ | 1,248
Non-competition agreements | ​ | 476 | ​ | - | ​ | - | ​ | 476
Customer relationships | ​ | 2,011 | ​ | (777) | ​ | - | ​ | 1,234
Licensing agreement | ​ | 210 | ​ | (210) | ​ | - | ​ | -
Intellectual property | ​ | 1,453 | ​ | (31) | ​ | - | ​ | 1,422
Total intangible assets |  | $ 11,741 |  | ($ 6,403) |  | $ - | ​ | $ 5,338
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2024
​ | ​ | Gross | ​ | Accumulated | ​ | ​ | ​ | Net Carrying
​ | ​ | Amount |  | Amortization |  | Impairment | ​ | Amount
Trade name |  | $ 2,042 |  | ($ 943) |  | $ - | ​ | $ 1,099
Existing technology | ​ | 5,349 | ​ | (2,564) | ​ | - | ​ | 2,785
Non-competition agreements | ​ | 461 | ​ | (272) | ​ | - | ​ | 189
Customer relationships | ​ | 2,560 | ​ | (503) | ​ | (549) | ​ | 1,508
Licensing agreement | ​ | 210 | ​ | (210) | ​ | - | ​ | -
Intellectual property | ​ | 3,448 | ​ | (578) | ​ | (1,995) | ​ | 875
Total intangible assets |  | $ 14,070 |  | ($ 5,070) |  | ($ 2,544) | ​ | $ 6,456
​ 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 June 30, 2025 and 2024 was $685 and $1,073, respectively. Amortization expense for definite-lived intangible assets for the six months ended June 30, 2025 and 2024 was $1,301 and $1,413, respectively.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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