v3.26.1
Note 8 - Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

8.

GOODWILL AND INTANGIBLE ASSETS

 

Intangible assets, net as of December 31, 2025 and 2024 consists of the following:

 

  

December 31, 2024

 
              

Weighted-

 
  

Gross

      

Net

  

average

 
  

Carrying

  

Accumulated

  

Carrying

  

Amortization

 
  

Amount

  

Amortization

  

Amount

  

Period (yrs)

 

Developed technology

 $8,074  $(2,080) $5,994   11 

Trade name

  1,756   (498)  1,258   10 

Customer relationships

  444   (158)  286   13 

Backlog

  185   (185)  -   1 

Patents

  576   (77)  499   20 

Intangible assets

 $11,035  $(2,998) $8,037     

 

 

  

December 31, 2025

 
              

Weighted-

 
  

Gross

      

Net

  

average

 
  

Carrying

  

Accumulated

  

Carrying

  

Amortization

 
  

Amount

  

Amortization

  

Amount

  

Period (yrs)

 

Developed technology

 $8,074  $(2,814) $5,260   11 

Trade name

  1,756   (673)  1,083   10 

Customer relationships

  444   (199)  245   13 

Backlog

  185   (185)  -   1 

Patents

  640   (101)  539   20 

Intangible assets

 $11,099  $(3,972) $7,127     

 

Amortization expense for each of the years ended December 31, 2025 and 2024 was $1.0 million. Amortization expense for intangible assets held as of December 31, 2025 will be $1.0 million for each of the years 20262028. For both years ending December 31, 2025 and December 31, 2024, amortization expense recognized in Operating expenses was $0.2 million and $0.2 million respectively and $0.8 million and $0.7 million in Cost of Good Sold respectively.

 

The Company’s acquisitions identified Goodwill and intangible assets. Goodwill represents the purchase price in excess of fair values assigned to the underlying identifiable net assets of the acquired business. Goodwill as of December 31, 2025 and 2024 consists of the following:

 

  

Goodwill

 

Balance as of December 31, 2023

 $10,270 

Acquisition of Telcom

  692 

Currency impact

  (382)

Balance as of December 31, 2024

 $10,580 

Impairment of goodwill

  (10,780)

Currency impact

  200 

Balance as of December 31, 2025

 $-