Note 8 - Goodwill and Other Intangibles

12 Months Ended

Dec. 31, 2025

Intangible Asset and Goodwill [Text Block]

Note 8 — Goodwill and Other Intangibles

The table below reconciles the change in the carrying amount of goodwill for the period from January 1, 2024 to December 31, 2025:

	*GRE*		*GREW*		*Total*
	(in thousands)
Balance at January 1, 2024	$	9,998		—		9,998
Consolidation of Roded		—		2,660		2,660
Cumulative translation adjustment		—		91		91
Balance at December 31, 2024	$	9,998	$	2,751	$	12,749
Cumulative translation adjustment		—		229		229
Balance at December 31, 2025	$	9,998	$	2,980	$	12,978

The Company performed its annual goodwill impairment test as of October 1, 2025. The Company elected to perform a qualitative analysis. The Company determined, after performing a qualitative analysis, that there was no evidence that it is more likely than not that the fair value of any identified reporting unit was less than the carrying amounts, therefore, it was not necessary to perform a quantitative impairment test.

The table below presents information on the Company’s other intangible assets:

	*Weighted*
	*Average*		*Gross*
	*Amortization*		*Carrying*		*Accumulated*			*Net*
	*Period (years)*		*Amount*		*Amortization*			*Balance*
December 31, 2025	*(in thousands)*
Patents and trademarks		20.0	$	2,860	$	(1,322	)	$	1,538
Customer relationships		9.0		1,100		(1,019	)		81
Licenses		10.0		479		(294	)		185
TOTAL			$	4,439	$	(2,635	)	$	1,804
December 31, 2024
Patents and trademarks		20.0	$	3,510	$	(1,580	)	$	1,930
Customer relationships		9.0		1,100		(896	)		204
Licenses		10.0		479		(246	)		233
TOTAL			$	5,089	$	(2,722	)	$	2,367

The Company assessed the impairment of intangibles related to solar projects in light of the enactment of OBBB. In the fourth quarter of 2025, Prism provided full impairment of its patent and trademark for an aggregate amount of $0.2 million.

Amortization expense of intangible assets were $0.3 million, $0.4 million and $0.4 million in the years ended December 31, 2025, 2024 and 2023, respectively. The Company estimates that the amortization expense of intangible assets will be $0.3 million, $0.2 million, $0.1 million, $0.2 million, $0.2 million and $0.8 million in the years ending December 31, 2026, 2027, 2028, 2029, 2030 and thereafter, respectively.