v3.26.1
Intangible Assets
 3 Months Ended
Mar. 28, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets

Note 10: Intangible Assets

 

Intangible assets as of March 28, 2026 and December 27, 2025 consist of the following (in $000’s):

 

  

March 28, 2026

  

December 27, 2025

 
Qoden intangible  $1,536   $1,536 
Noncompete agreements   675    675 
Patents and domains   4    4 
Trade names   3,175    3,175 
Customer relationships   20,385    20,450 
Developed technology   1,819    1,819 
Intangible assets   27,594    27,659 
Less accumulated amortization   (5,441)   (4,619)
Total intangible assets  $22,153   $23,040 

 

Intangible amortization expense was $0.9 million and $1.2 million for the 13 weeks ended March 28, 2026 and March 29, 2025, respectively.

 

Mswipe

 

Effective on May 9, 2025, the Company and our indirect, wholly-owned second tier Canadian subsidiary entered into an agreement to purchase all of the outstanding capital stock of an entity that, through its subsidiaries, offers multi-currency, fiat- and crypto-enabled payment card services (see Note 3).

 

Qoden Intangible Assets

 

On November 8, 2024, the Company acquired the Qodex Cryptocurrency Exchange Software platform and other related assets from Qoden Technologies, LLC, a provider of technology solutions for the blockchain industry. The Company will amortize the intangible assets over a two2 -year period (see Note 3).

 

ALT5 Subsidiary Intangible Assets

 

On May 14, 2024, the Company acquired its ALT5 Subsidiary, which is a fintech company that provides next generation blockchain-powered technologies to enable a migration to a new global financial paradigm. As part of the acquisition, the Company acquired trade names, customer relationships, and developed technology, which will be amortized over a period of seven years, 10 years, and five years, respectively (see Note 3).