v3.26.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
SCHEDULE OF INTANGIBLE ASSETS AND GOODWILL

The following table presents the gross carrying amount, accumulated amortization, and net carrying amount of intangible assets as of June 30, 2026 (in thousands):

 

   Estimated Useful Life (Years)  Gross Carrying Amount   Accumulated Amortization  

Net Carrying

Amount

 
Trade names  10  $68,029   $(2,450)  $65,579 
Management contracts  10   28,754    (1,035)   27,719 
Customer relationships  8   861    (39)   822 
Total     $97,644   $(3,524)  $94,120 
SCHEDULE OF ESTIMATED AGGREGATE AMORTIZATION EXPENSE FOR INTANGIBLE ASSETS

Estimated aggregate amortization expense for intangible assets as of June 30, 2026, is as follows (in thousands):

 

Year  Estimated Amortization Expense 
2026 (remainder)  $4,893 
2027   9,786 
2028   9,786 
2029   9,786 
2030   9,786 
Thereafter   50,083 
Total  $94,120 
SCHEDULE OF CARRYING AMOUNT OF GOODWILL

The changes in the carrying amount of goodwill for the six months ended June 30, 2026, are as follows (in thousands):

 

   Media & Information Services   Asset Management   Total 
Goodwill, as of December 31, 2025  $-   $-   $- 
Goodwill acquired during the period (Note 3)   70,800    22,706    93,506 
Measurement period adjustments (Note 3)   20,776    7,285    28,061 
Goodwill impairment   (80,595)   (24,581)   (105,176)
Goodwill, as of June 30, 2026  $10,981   $5,410   $16,391