Note 6 – Intangible Assets Intangible assets were comprised of the following:
|
|
|
|
|
|
|
|
|
|
|
June 30,
2026 |
|
|
December 31,
2025 |
|
Customer relationships |
|
$ |
4,230 |
|
|
$ |
5,743 |
|
Developed technology |
|
|
4,025 |
|
|
|
4,136 |
|
Trade name |
|
|
2,303 |
|
|
|
2,395 |
|
|
|
|
10,558 |
|
|
|
12,274 |
|
Accumulated amortization |
|
|
(6,213 |
) |
|
|
(7,643 |
) |
Intangible assets, net |
|
$ |
4,345 |
|
|
$ |
4,631 |
|
The trade name is an indefinite-lived asset and, accordingly, is not subject to amortization. The fluctuation between the periods is due to changes in foreign currency exchange rates. Changes in intangible assets consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
|
Six Months Ended June 30, |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Balance at beginning of the period |
$ |
4,459 |
|
|
$ |
4,494 |
|
|
$ |
4,631 |
|
|
$ |
4,255 |
|
Amortization of intangible assets |
|
(54 |
) |
|
|
(88 |
) |
|
|
(112 |
) |
|
|
(174 |
) |
Other, primarily impact from changes in foreign currency exchange rates |
|
(60 |
) |
|
|
248 |
|
|
|
(174 |
) |
|
|
573 |
|
Balance at end of the period |
$ |
4,345 |
|
|
$ |
4,654 |
|
|
$ |
4,345 |
|
|
$ |
4,654 |
|
|