v3.26.1
Note 6 - Intangible Assets, Net
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

6. INTANGIBLE ASSETS, NET

 

The following tables provide information pertaining to the Company’s intangible assets as of:

 

 

 

June 30, 2026

 

(in thousands)

 

Weighted-Average Remaining Useful Life

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

 

2.1

 

 

$1,289

 

 

$(1,186)

 

$103

 

Customer relationships

 

 

5.0

 

 

 

3,007

 

 

 

(3,005)

 

 

2

 

 

 

 

 

 

 

 

4,296

 

 

 

(4,191)

 

 

105

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

N/A

 

 

 

3,000

 

 

 

—

 

 

 

3,000

 

Intangible assets, net

 

 

 

 

 

$7,296

 

 

$(4,191)

 

$3,105

 

 

 

 

December 31, 2025

 

(in thousands)

 

Weighted-Average Remaining Useful Life

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

Intangible assets with finite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software

 

 

2.6

 

 

$1,289

 

 

$(1,156)

 

$133

 

Customer relationships

 

 

5.0

 

 

 

3,007

 

 

 

(3,005)

 

 

2

 

 

 

 

 

 

 

 

4,296

 

 

 

(4,161)

 

 

135

 

Intangible assets with indefinite lives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

N/A

 

 

 

3,000

 

 

 

—

 

 

 

3,000

 

Intangible assets, net

 

 

 

 

 

$7,296

 

 

$(4,161)

 

$3,135

 

 

For the three months ended  June 30, 2026 and 2025, total amortization expense amounted to less than $0.1 million and $0.1 million, respectively, including less than $0.1 million and less than  $0.1 million, respectively, of amortization expense related to software. For the six months ended  June 30, 2026 and 2025, total amortization expense amounted to less than $0.1 million and $0.1 million, respectively, including less than $0.1 million and less than  $0.1 million, respectively, of amortization expense related to software. These amounts are included under depreciation and amortization in the accompanying unaudited condensed consolidated statements of operations and comprehensive loss. No impairment losses have been recorded on any of the Company’s intangible assets for the three and six months ended June 30, 2026 and 2025, respectively.

 

Amortization expense for intangible assets with definite lives is expected to be as follows:

 

(in thousands)

 

 

 

 

Remainder of 2026

 

$25

 

2027

 

 

47

 

2028

 

 

32

 

2029

 

 

1

 

Expected amortization expense for intangible assets with definite lives

 

$105