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

Note 5  Intangible Assets

 

A schedule of our intangible assets and related accumulated amortization as of March 31, 2026 and December 31, 2025 is as follows (dollars in thousands):
  

As of March 31, 2026

  

As of December 31, 2025

 
  

Gross carrying amount

  

Accumulated amortization

  

Gross carrying amount

  

Accumulated amortization

 

In-place lease value

 $2,390  $2,306  $2,390  $2,274 

Indefinite lived contract

  3,160      3,160    

Acquired technology

  167   77   167   69 

Total intangible assets

 $5,717  $2,383  $5,717  $2,343 

 

Amortization of the in-place lease value and acquired technology are included in Depreciation and Amortization in our Consolidated Statements of Operations. Amortization expense associated with intangible assets totaled approximately $40,000 and $0.2 million for the three months ended March 31, 2026 and 2025, respectively.

 

Estimated future amortization of intangible assets as of March 31, 2026 is as follows (dollars in thousands):

 

  

In-place lease value

  

Acquired technology

 

2026 (Remainder)

 $70  $25 

2027

  14   33 

2028

     32 
  $84  $90