v3.26.1
Note 5 - Intangible Assets
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

Note 5  Intangible Assets

 

A schedule of our intangible assets and related accumulated amortization as of June 30, 2026 and December 31, 2025 is as follows (dollars in thousands):
  

As of June 30, 2026

  

As of December 31, 2025

 
  

Gross carrying amount

  

Accumulated amortization

  

Gross carrying amount

  

Accumulated amortization

 

In-place lease value

 $2,390  $2,337  $2,390  $2,274 

Indefinite lived contract

  3,160      3,160    

Acquired technology

  167   85   167   69 

Total intangible assets

 $5,717  $2,422  $5,717  $2,343 

 

Amortization of the in-place lease value and acquired technology is included in Depreciation and Amortization in our Consolidated Statements of Operations. Amortization expense associated with intangible assets totaled approximately $40,000 and $1.0 million for the three months ended June 30, 2026 and 2025, respectively and approximately $0.1 million and $1.1 million for the six months ended June 30, 2026 and 2025. 

 

Estimated future amortization of intangible assets as of June 30, 2026 is as follows (dollars in thousands):

 

  

In-place lease value

  

Acquired technology

 

2026 (Remainder)

 $39  $17 

2027

  14   33 

2028

     32 
  $53  $82