XML 26 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Note 6 - Intangible Assets, Including Goodwill | 6 Months Ended
--- | ---
Jun. 30, 2024
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE 6: INTANGIBLE ASSETS, INCLUDING GOODWILL Intangible Assets Intangible assets consisted of the following at June 30, 2024 and December 31, 2023:
|  | June 30, |  |  | December 31, |
|  | 2024 |  |  | 2023 |
|  | Gross |  |  |  |  |  |  | Gross |  |  |  |  |
|  | Carrying |  |  | Accumulated |  |  | Carrying |  |  | Accumulated |
|  | Amount |  |  | Amortization |  |  | Amount |  |  | Amortization |
Technology platform |  | $ | 6,900 |  |  | $ | 2,638 |  |  | $ | 6,900 |  |  | $ | 2,255 |
Purchased and developed software |  |  | 5,902 |  |  |  | 3,865 |  |  |  | 5,284 |  |  |  | 3,405 |
Internally developed software platform |  |  | 6,813 |  |  |  | 79 |  |  |  | 6,080 |  |  |  | - |
Customer relationships |  |  | 13,910 |  |  |  | 3,702 |  |  |  | 13,910 |  |  |  | 3,054 |
Trademarks and trade names |  |  | 1,260 |  |  |  | 756 |  |  |  | 1,260 |  |  |  | 660 |
Non-compete |  |  | - |  |  |  | - |  |  |  | 30 |  |  |  | 28 |
|  |  | 34,785 |  |  |  | 11,040 |  |  |  | 33,464 |  |  |  | 9,402 |
Accumulated amortization |  |  | 11,040 |  |  |  |  |  |  |  | 9,402 |  |  |  |  |
Net book value of amortizable intangible assets |  | $ | 23,745 |  |  |  |  |  |  | $ | 24,062 |  |  |  |  |
For the three months ended June 30, 2024 and 2023, amortization of intangible assets charged to operations was $878 and $755, respectively. For the six months ended June 30, 2024 and 2023, amortization of intangible assets charged to operations was $1,668 and $1,508, respectively. Goodwill Goodwill represents the excess of the purchase price over the fair value of net assets acquired. Goodwill is subject to an impairment review at a reporting unit level, evaluated on an annual basis at September 30th each fiscal year, when an event occurs, or circumstances change that would indicate potential impairment. The Company has only one reporting unit, and therefore the entire goodwill is allocated to that reporting unit. The Company assessed the carrying value of goodwill at the reporting unit level based on an estimate of the fair value of its reporting unit. Fair value of the reporting unit was estimated using both (1) a market approach, leveraging recent industry merger and acquisition activity as well as comparable public company information, and (2) a discounted cash flow analyses consisting of various assumptions, including expectations of future cash flows based on projections or forecasts derived from analysis of business prospects and economic or market trends that may occur. Specifically, the Company gave significant consideration to actual historic financial results, including revenue growth rates in the current and preceding three years, further informed by known backlog and customer acquisitions. Based on the Company’s assessment, we determined that the fair value of our reporting unit exceeded its carrying value, and accordingly, the goodwill associated with the reporting unit was not considered to be impaired at September 30, 2023. No indicators of impairment were identified at June 30, 2024. The Company recognizes that any changes in our projected 2024 results could potentially have a material impact on our assessment of goodwill impairment. The Company will continue to monitor the actual performance of its operations against expectations and assess indicators of possible impairment. The valuation of goodwill and intangible assets is subject to a high degree of judgment, uncertainty and complexity. Should any indicators of impairment occur in subsequent periods, the Company will be required to perform an analysis in order to determine whether goodwill is impaired.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureTextBlockAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration