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Note 7 - Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Text Block]

7.	GOODWILL AND INTANGIBLE ASSETS

The following table presents the Company's goodwill asset (in thousands):

	*September 30,*			*December 31,*
	*2025*			*2024*
Beginning balance	$	10,580		$	10,270
Foreign exchange		200			310
Impairments		(10,780	)		-
Ending balance	$	-		$	10,580

Intangible assets, net, as of September 30, 2025 and December 31, 2024 consists of the following (in thousands):

	*September 30, 2025*
	*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*		*Weighted-average Amortization Period (yrs)*
Developed technology	$	8,074	$	(2,630	)	$	5,444	11
Trade name		1,756		(629	)		1,127	10
Customer relationships		444		(189	)		255	13
Backlog		185		(185	)		-	1
Patents		618		(95	)		523	20
Intangible assets	$	11,077	$	(3,728	)	$	7,349

	*December 31, 2024*
	*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Amount*		*Weighted-average Amortization Period (yrs)*
Developed technology	$	8,074	$	(2,080	)	$	5,994	11
Trade name		1,756		(498	)		1,258	10
Customer relationships		444		(158	)		286	13
Backlog		185		(185	)		-	1
Patents		576		(77	)		499	20
Intangible assets	$	11,035	$	(2,998	)	$	8,037

Amortization expense for each of the three and nine months ended September 30, 2025, and 2024 was $0.2 million and $0.7 million, respectively. Amortization expense recognized in Operating expenses for the three months and nine months ended September 30, 2025 and 2024 was $0.1 million and $0.2 million for both years respectively. Amortization expense recognized in in Cost of Goods Sold for the three months ended September 30, 2025 and 2024 was $0.2 million for both years and for the nine months ended September 30, 2025 and 2024 was $0.6 million for both years.

Total estimated amortization on the Company’s intangible assets for each of the years ending December 31, 2025 through 2030 and thereafter is as follows (in thousands):

Calendar Years	Amortization Expense
2025	$	972
2026		966
2027		961
2028		957
2029		956
Thereafter		2,537