v3.26.1
Note 10 - Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

Note 10 - Goodwill and Intangible Assets

 

Goodwill

The table below reflects our goodwill and changes in the carrying value: 

 

(in thousands)

    

Goodwill balance at December 31, 2025

 $1,633 

Impairment charge during 2026

  - 

Goodwill balance at March 31, 2026

 $1,633 
     

Goodwill before impairment

 $6,428 

Accumulated impairment charge

  (4,795)

Goodwill balance at March 31, 2026

 $1,633 

 

Indefinite-lived intangible assets

The following table reflects our indefinite-lived intangible assets:

 

  

March 31, 2026

  

December 31, 2025

 

(in thousands)

 

Gross

  

Accumulated impairment

  

Net

  

Gross

  

Accumulated impairment

  

Net

 

Domain name

  2,226   -   2,226   2,226   -   2,226 

Trade name

  3,580   (1,620)  1,960   3,580   (1,620)  1,960 

Total indefinite-lived intangible assets

 $5,806  $(1,620) $4,186  $5,806  $(1,620) $4,186 

 

Finite-lived intangible assets

The following table reflects our finite-lived intangible assets:

 

   

March 31, 2026

  

December 31, 2025

 

(in thousands except useful life)

Estimated useful life

 

Gross

  

Accumulated amortization

  

Net

  

Gross

  

Accumulated amortization and impairment

  

Net

 

Franchise agreements

8 to 15 years

 $25,556  $(8,767) $16,789  $25,556  $(8,314) $17,242 

Purchased software

7 years

  3,200   (2,057)  1,143   3,200   (1,943)  1,257 

Internally developed software

5 years

  3,125   (1,745)  1,380   3,125   (1,588)  1,537 

Total finite-lived intangible assets

 $31,881  $(12,569) $19,312  $31,881  $(11,845) $20,036 

 

Amortization expense related to intangible assets totaled approximately $724 thousand and $696 thousand for the three months ended  March 31, 2026 and  March 31, 2025, respectively.