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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill For the six months ended June 30, 2025 and the twelve months ended December 31, 2024, the changes in carrying amount of goodwill were as follows:
|  | Carrying Value |  |
|  | 2025 |  |
Goodwill, January 1, |  | $ | 5,703 |  |  |
Currency translation |  | 57 |  |  |
Goodwill, June 30, 2025 |  | $ | 5,760 |  |  |
|  |  | Carrying Value |  |
|  |  | 2024 |  |
Goodwill, January 1, |  |  | $ | 5,749 |  |  |
Currency translation |  |  | (46) |  |  |
Goodwill, December 31, 2024 |  |  | $ | 5,703 |  |  |
Intangible Assets The Company’s intangible assets consisted of the following components as of June 30, 2025 and December 31, 2024:
June 30, 2025 |  | Weighted Average Remaining Amortization Useful Lives (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Non-compete agreements |  | 3.1 |  | $ | 147 |  |  | $ | (126) |  |  | $ | 21 |
Trade name |  | 5.9 |  | 1,639 |  |  | (840) |  |  | 799 |
Customer lists |  | 2.2 |  | 3,959 |  |  | (2,756) |  |  | 1,203 |
Developed technology |  | 0.5 |  | 657 |  |  | (654) |  |  | 3 |
|  |  |  | $ | 6,402 |  |  | $ | (4,376) |  |  | $ | 2,026 |
December 31, 2024 |  | Weighted Average Remaining Amortization Useful Lives (in years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Non-compete agreements |  | 2.9 |  | $ | 145 |  |  | $ | (116) |  |  | $ | 29 |
Trade name |  | 6.1 |  | 1,634 |  |  | (731) |  |  | 903 |
Customer lists |  | 2.6 |  | 3,952 |  |  | (2,399) |  |  | 1,553 |
Developed technology |  | 1.0 |  | 657 |  |  | (651) |  |  | 6 |
|  |  |  | $ | 6,388 |  |  | $ | (3,897) |  |  | $ | 2,491 |
Amortization expense for the three and six months ended June 30, 2025 was $238 and $476, respectively. Intangible assets are amortized on a straight-line basis over their estimated useful lives. No impairment in the value of amortizable intangible assets was recognized during the six months ended June 30, 2025 and 2024. Estimated future amortization expense for intangible assets for the remainder of the fiscal year ending December 31, 2025, and for each of the next fiscal years are as follows:
2025 |  |  | $ | 395 |
2026 |  |  | 637 |
2027 |  |  | 551 |
2028 |  |  | 131 |
2029 |  |  | 110 |
Thereafter | 202 |
|  |  | $ | 2,026 |
The change in the book value of amortizable intangible assets is as follows:
|  | January 1, 2025 Beginning Balance |  |  |  | Amortization |  | Translation and Other |  | June 30, 2025 Ending Balance
Non-compete agreements |  | $ | 29 |  |  |  |  | $ | (9) |  |  | $ | 1 |  |  | $ | 21 |
Trade name |  | 903 |  |  |  |  | (109) |  |  | 5 |  |  | 799 |
Customer lists |  | 1,553 |  |  |  |  | (355) |  |  | 5 |  |  | 1,203 |
Developed technology |  | 6 |  |  |  |  | (3) |  |  | — |  |  | 3 |
|  | $ | 2,491 |  |  |  |  | $ | (476) |  |  | $ | 11 |  |  | $ | 2,026 |

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- 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
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