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Goodwill and Intangible Assets | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets [Abstract] |
GOODWILL AND INTANGIBLE ASSETS |
E. | GOODWILL AND INTANGIBLE ASSETS:
During the fourth quarter of fiscal years 2025 and 2024, the Company completed a goodwill impairment analysis for its reporting units. During the fourth quarter of fiscal years 2025 and 2024, the Company determined that the fair value of its Stran Loyalty Solutions reporting unit was in excess of its carrying value and no impairment charge was recorded. When performing quantitative testing, the Company first estimates the fair values of its reporting units using a combination of an income and market approach. The single step is to determine the estimated fair value of the reporting units and compare it to the carrying value of the reporting units, including goodwill. The majority of the inputs used in the discounted cash flow model are unobservable and thus are considered to be Level 3 inputs. See Note A – Organization and Summary of Significant Accounting Policies for more detail of methodology. The following table summarizes the activity in the Company’s goodwill balance:
Balance as of December 31, 2023 (1) |  | $ | — |
Gander Group Acquisition (see Note F) |  |  | 2,542 |
Measurement period adjustment |  |  | (221 | )
Balance as of December 31, 2024 |  | $ | 2,321 |
Balance as of December 31, 2025 |  | $ | 2,321 |
| (1) | Net of accumulated impairment loss of $1,992 as of December 31, 2023.
The following table presents details of the Company’s intangible assets, estimated lives and related accumulated amortization:
|  | Weighted-Average |  | As of December 31, 2025 |  |  | As of December 31, 2024 |
|  | Remaining Useful Life |  | Gross |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Customer lists |  | 7.6 years |  | $ | 5,175 |  |  | $ | (1,485 | ) |  | $ | 3,690 |  |  | $ | 5,175 |  |  | $ | (1,005 | ) |  | $ | 4,170 |
Total intangible assets - customer lists, net |  |  |  | $ | 5,175 |  |  | $ | (1,485 | ) |  | $ | 3,690 |  |  | $ | 5,175 |  |  | $ | (1,005 | ) |  | $ | 4,170 |
Trade name |  | Indefinite |  | $ | 654 |  |  | $ | — |  |  | $ | 654 |  |  | $ | 654 |  |  | $ | — |  |  | $ | 654 |
Total intangible assets - trade name |  |  |  | $ | 654 |  |  | $ | — |  |  | $ | 654 |  |  | $ | 654 |  |  | $ | — |  |  | $ | 654 |
The Company recorded amortization expense of $480 and $403 for the year ended December 31, 2025 and 2024, respectively. The following table presents future estimated amortization expense based on existing intangible assets held for use:
Fiscal Years: |  |  |
2026 |  | $ | 488 |
2027 |  |  | 488 |
2028 |  |  | 488 |
2029 |  |  | 488 |
2030 |  |  | 488 |
Thereafter |  |  | 1,250 |
Total |  | $ | 3,690 |
Actual future estimated amortization expense could differ from these estimated amounts as a result of future acquisitions, dispositions, impairments, and other factors or changes.

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