Note 8 - Intangible Assets

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

8. INTANGIBLE ASSETS

The carrying values of goodwill and indefinite-life intangible assets are subject to annual impairment assessment as of the last day of each fiscal year. Between annual assessments, impairment review may also be triggered by any significant events or changes in circumstances affecting the Company’s business. Based on the analysis of the intangible assets performed by management as of December 31, 2024 and 2023, no impairment was considered necessary.

Intangible assets net of accumulated amortization were as follows:

		*At December 31, 2024*
		*Gross Amount*				*Accumulated Amortization*				*Net Amount*
Customer relationships		$	1,400			$	(616	)		$	784
Brand			2,500				(1,593	)			907
Technology			16,900				(14,553	)			2,347
Supplier agreement			3,000				(2,065	)			935
Total intangible assets		$	23,800			$	(18,827	)		$	4,973

		*At December 31, 2023*
		*Gross Amount*				*Accumulated Amortization*				*Net Amount*
Customer relationships		$	1,400			$	(522	)		$	878
Brand			2,500				(1,330	)			1,170
Technology			16,900				(11,735	)			5,165
Supplier agreement			3,000				(1,767	)			1,233
Total intangible assets		$	23,800			$	(15,354	)		$	8,446

Amortization expense was $3,474 and $3,473 for the years ended December 31, 2024 and 2023, respectively.

Estimated amortization expense for the next five fiscal years and all years thereafter are as follows:

Years ending December 31,
2025		$	3,004
2026			657
2027			657
2028			244
2029			93
Thereafter			318
Total		$	4,973