v3.26.1
Intangible Assets and Goodwill
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets and Goodwill

Note 6. Intangible Assets and Goodwill

 

Intangible Assets

 

Intangible assets include Miami-Dade County Notices of Acceptances (NOA’s), which are certificates issued for approved products and required to market hurricane-resistant glass in Florida. Intangibles assets also include the intangibles acquired during the acquisition of Continental.

 

   June 30, 2026 
   Gross   Acc. Amort.   Net 
Trade Names   170    (50)   120 
Software and licenses   20,171    (11,326)   8,845 
Notice of Acceptances (NOAs), product designs and other intellectual property   6,260    (1,826)   4,434 
Contract Backlog   670    (261)   409 
Total  $27,271   $(13,463)  $13,808 

 

   December 31, 2025 
   Gross   Acc. Amort.   Net 
Trade Names   170    (28)   142 
Software and licenses   17,217    (10,138)   7,079 
Notice of Acceptances (NOAs), product designs and other intellectual property   6,260    (1,043)   5,217 
Contract Backlog   670    (149)   521 
Total  $24,317   $(11,358)  $12,959 

 

The weighted average amortization period is 2.9 years.

 

During the three and six months ended June 30, 2026, the amortization expense amounted to $974 and $1883, respectively, and was included within the general and administration expenses in our unaudited Condensed Consolidated Statement of Operations. Similarly, during the three and six ended June 30, 2025, the amortization expense amounted to $645 and $950, respectively.

 

The estimated aggregate amortization expense for each of the five succeeding years as of June 30, 2026, is as follows:

 

Year ending December 31,    
2026  $2,079 
2027   3,706 
2028   3,257 
2029   1,890 
Thereafter   2,876 
Total  $13,808