XML 29 R16.htm IDEA: XBRL DOCUMENT

Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5: Goodwill and Other Intangible Assets

The components of intangible assets are as follows (in thousands):

Schedule of intangible assets
	December 31, 2025
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	1,998	$	(1,677	)	$	321
Proprietary software		3,198		(1,817	)		1,381
Distribution partner relationships		153		(114	)		39
Non-compete agreement		69		(69	)		–
Trademarks – definite-lived		13,350		(5,848	)		7,502
Trademarks – indefinite-lived		232		–			232
Total intangible assets	$	19,000	$	(9,525	)	$	9,475

	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships		1,998		(1,426	)		572
Proprietary software		3,198		(1,458	)		1,740
Distribution partner relationships		153		(99	)		54
Non-compete agreement		69		(69	)		–
Trademarks – definite-lived		13,350		(3,972	)		9,378
Trademarks – indefinite-lived		232		–			232
Total intangible assets	$	19,000	$	(7,024	)	$	11,976

The Company performed its annual assessment for impairment of intangible assets and determined there was no impairment for the year ended December 31, 2025, however, recorded an impairment charge of $14,150,000 associated with the Newswire trademarks for the year ended December 31, 2024. As a result of the Company’s rebranding to ACCESS Newswire, management determined the useful life of the Newswire trademarks to be 5 years as opposed to the original 15 years upon the initial valuation in 2022. This decrease in the useful life caused a decrease in the expected cashflows the assets are expected to generate, which resulted in the impairment charge.

The amortization of intangible assets is a charge to operating expenses and totaled $2,501,000 and $2,559,000 for the years ended 2025 and 2024, respectively.

The future amortization of the identifiable intangible assets is as follows (in thousands):


Years Ending December 31:
2026	$	2,475
2027		2,347
2028		2,243
2029		2,178
Thereafter		–
Total	$	9,243

During the year ended December 31, 2022, we acquired Newswire, which added $16,122,000 of goodwill based on our preliminary purchase price allocation. During the year ending December 31, 2023, we concluded our purchase price allocation, which resulted in a reduction in goodwill of $571,000. Along with Newswire, the goodwill balance of $19,043,000 is related to the stock acquisitions of ACCESSWIRE in 2014, Filing Services Canada, Inc. in 2018 and Newswire in 2022, and the assets of the Visual Webcasting Platform in 2019. The Company conducted its annual impairment analyses as of December 31, 2025 and 2024 and determined that no goodwill was impaired.