v3.26.1
Intangible Assets
3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6 – Intangible Assets

Intangible assets were comprised of the following:

 

 

March 31,
2026

 

 

December 31,
2025

 

Customer relationships

 

$

4,284

 

 

$

5,743

 

Developed technology

 

 

4,063

 

 

 

4,136

 

Trade name

 

 

2,335

 

 

 

2,395

 

 

 

10,682

 

 

 

12,274

 

Accumulated amortization

 

 

(6,223

)

 

 

(7,643

)

Intangible assets, net

 

$

4,459

 

 

$

4,631

 

The trade name is an indefinite-lived asset and, accordingly, is not subject to amortization. The fluctuation between the periods is due to changes in foreign currency exchange rates. Changes in intangible assets consisted of the following:

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Balance at beginning of the period

$

4,631

 

 

$

4,255

 

Amortization of intangible assets

 

(58

)

 

 

(86

)

Other, primarily impact from changes in foreign currency exchange rates

 

(114

)

 

 

325

 

Balance at end of the period

$

4,459

 

 

$

4,494