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Note 7 - Goodwill and Intangible Assets, Net

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE 7: GOODWILL AND INTANGIBLE ASSETS, NET

(a)

Goodwill:

Changes in goodwill are as follows:

		Year ended December 31,
		2023				2024

Balance as of January 1,		$	74,777			$	58,308
Acquisition			1,994				—
Sale of Intrinsix (see note 1)			(18,463	)			—
Balance as of December 31,		$	58,308			$	58,308

(b)

Intangible assets:

		Weighted average amortization period (years)				Gross carrying amount				Accumulated amortization				Net				Gross carrying amount				Accumulated amortization				Net

Intangible assets –amortizable:

Intangible assets related to the acquisition of VisiSonics business
Customer relationships			4.0			$	432			$	72			$	360			$	432			$	180			$	252
Technologies			5.0				1,174				157				1,017				1,174				391				783


Intangible assets related to the acquisition of Hillcrest Labs business
Customer relationships			4.4				3,518				3,190				328				3,518				3,351				167
Customer backlog			0.5				72				72				—				72				72				—
R&D Tools			7.5				2,475				1,470				1,005				2,475				1,800				675


Intangible assets related to an investment in NB-IoT technologies
NB-IoT technologies			7.0				1,961				1,704				257				1,961				1,961				—

Total intangible assets						$	9,632			$	6,665			$	2,967			$	9,632			$	7,755			$	1,877

Future estimated annual amortization charges are as follows:

2025			833
2026			680
2027			286
2028			78
		$	1,877

The Company recorded in continuing operations amortization expense in the amount of $1,031 and $1,090 for the years ended December 31, 2023 and 2024, respectively. In addition, amortization expense related to Intrinsix in the amount $965 for the year ended December 31, 2023, was recorded in discontinued operation.