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Intangible Assets and Goodwill (Tables)
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

The Company’s identifiable intangible assets as of March 31, 2025 and December 31, 2024 are shown below (in thousands except for lives):

 

 

Remaining

 

 

Carrying Value

 

 

 

 

 

Carrying Value

 

 

 

Life

 

 

December 31,

 

 

 

 

 

March 31,

 

 

 

(years)

 

 

2024

 

 

Amortization

 

 

2025

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name (ALT)

 

 

16.4

 

 

$

542

 

 

$

(8

)

 

$

534

 

Vendor Relationship (ALT)

 

 

1.4

 

 

 

383

 

 

 

(58

)

 

 

325

 

Total amortizable intangible assets

 

 

 

 

 

925

 

 

 

(66

)

 

 

859

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name (NLEX)

 

N/A

 

 

 

2,437

 

 

 

—

 

 

 

2,437

 

Total intangible assets

 

 

 

 

$

3,362

 

 

$

(66

)

 

$

3,296

 
Schedule of Estimated Amortization Expense Intangible Assets

As of March 31, 2025, the estimated amortization expense for the remainder of the current fiscal year and the next five fiscal years and thereafter is shown below (in thousands):

 

Year

 

Amount

 

2025 (remainder of year from April 1, 2025 to December 31, 2025)

 

$

197

 

2026

 

 

186

 

2027

 

 

33

 

2028

 

 

33

 

2029

 

 

33

 

Thereafter

 

 

377

 

Total estimated amortization expense

 

$

859

 
Schedule of Goodwill

The Company’s goodwill relates to its acquisition of various entities. Goodwill consists of the following at March 31, 2025 and December 31, 2024 (in thousands):

 

 

 

March 31, 2025

 

 

December 31, 2024

 

ALT

 

$

1,861

 

 

$

1,861

 

HGP

 

 

2,041

 

 

 

2,041

 

NLEX

 

 

3,544

 

 

 

3,544

 

Total goodwill

 

$

7,446

 

 

$

7,446