v3.26.1
Note 5 - Intangible Assets, Net
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

5. Intangible Assets, Net

 

Intangible assets consist of acquired intangible assets and self-developed software.

 

A summary of the balances of the Company’s intangible assets as of  March 31, 2026 and  December 31, 2025 is presented below:

 

  

Gross Carrying Amount

  

Accumulated Amortization

  

Net Carrying Amount

  

Gross Carrying Amount

  

Accumulated Amortization

  

Net Carrying Amount

 
  March 31, 2026  December 31, 2025 
  

(in thousands)

 

Technology and software

 $15,197  $(6,759) $8,438  $14,911  $(6,120) $8,791 

Customer related assets

  4,814   (1,740)  3,074   4,890   (1,629)  3,261 

Total

 $20,011  $(8,499) $11,512  $19,801  $(7,749) $12,052 

 

Amortization expense for intangible assets was $0.8 million for the three months ended March 31, 2026, and $0.8 million for the three months ended  March 31, 2025, respectively.

 

As of March 31, 2026, estimated future amortization expense for intangible assets, net is as follows:

 

Year Ending December 31:

    
  

(in thousands)

 

2026 (nine months)

 $2,419 

2027

  2,760 

2028

  2,218 

2029

  1,630 

2030

  1,401 

Thereafter

  1,084 

Total intangible assets subject to amortization

 $11,512