XML 30 R15.htm IDEA: XBRL DOCUMENT v3.26.1
Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 5 – Goodwill and Intangible Assets

 

Goodwill

 

Goodwill consisted of the following:

    
   Total 
Balance at December 31, 2024     
Goodwill  $12,948 
Accumulated impairment losses   (1,244)
   $11,704 
      
      
Balance at December 31, 2025     
Goodwill  $12,948 
Accumulated impairment losses   (1,244)
   $11,704 

 

The Company performed an annual Step 1 impairment assessment for its single reporting unit as of December 31, 2025 and an annual Step 0 impairment assessment for its single reporting unit as of December 31, 2024, noting no impairment loss.

 

Approximately $1,664 of goodwill is deductible for income tax purposes.

 

Intangible Assets

 

The gross carrying amounts and accumulated amortization of intangible assets consisted of the following:

 Schedule of other intangible assets                        
   December 31, 2025   December 31, 2024 
   Gross       Net   Gross       Net 
   Carrying   Accumulated   Carrying   Carrying   Accumulated   Carrying 
   Amount   Amortization   Amount   Amount   Amortization   Amount 
                         
Recipes  $44   $(44)  $–   $44   $(44)  $– 
Customer lists and other customer related intangibles   4,529    (4,529)   –    4,529    (4,529)   – 
Customer relationship   3,385    (1,692)   1,693    3,385    (1,532)   1,853 
Brand names   7,948    (3,823)   4,125    7,948    (3,443)   4,505 
Formula   438    (438)   –    438    (438)   – 
Total intangible assets, net  $16,344   $(10,526)  $5,818   $16,344   $(9,986)  $6,358 

 

Estimated amortization expense on intangible assets for the next five years is as follows:

     
Year   Amortization  
2026   $ 540  
2027   $ 540  
2028   $ 540  
2029   $ 540  
2030   $ 540  

 

The weighted-average remaining amortization expense period for the customer relationship and brand name intangible assets is 10.6 and 10.9 years, respectively, as of December 31, 2025. The weighted-average remaining amortization expense period for total intangible assets is 10.8 years as of December 31, 2025.