v3.26.1
Note 8 - Intangible Assets
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

NOTE 8 — INTANGIBLE ASSETS

 

Intangible assets represent the fair value assigned to definite-lived assets such as trade names and customer relationships as part of the Company’s acquisition of Brad Foote completed in 2007 as well as the noncompetition agreements, trade names and customer relationships that were part of the Company’s acquisition of Red Wolf Company, LLC completed in 2017. Intangible assets are amortized on a straight-line basis over their estimated useful lives, with a remaining life of 1 year.

 

As of June 30, 2026 and December 31, 2025, the cost basis, accumulated amortization and net book value of intangible assets were as follows:

 

  

June 30, 2026

  

December 31, 2025

 
                  

Remaining

                  

Remaining

 
                  

Weighted

                  

Weighted

 
          

Accumulated

  

Net

  

Average

          

Accumulated

  

Net

  

Average

 
  

Cost

  

Accumulated

  

Impairment

  

Book

  

Amortization

      

Accumulated

  

Impairment

  

Book

  

Amortization

 
  

Basis

  

Amortization

  

Charges

  

Value

  

Period

  

Cost

  

Amortization

  

Charges

  

Value

  

Period

 

Intangible assets:

                                        

Customer relationships

 $15,979  $(8,387) $(7,592) $-     $15,979  $(8,365) $(7,592) $22   0.1 

Trade names

  9,099   (8,580)     519   1.3   9,099   (8,380)     719   1.8 

Intangible assets

 $25,078  $(16,967) $(7,592) $519   1.3  $25,078  $(16,745) $(7,592) $741   1.7 

As of June 30, 2026, estimated future amortization expense was as follows:

 

2026

 $300 

2027

  219 

Total

 $519 

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