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

Intangible assets and other assets, net consisted of the following (in thousands):

Useful LifeGross ValueAccumulated AmortizationNet Carrying ValueWeighted Average Remaining Useful Life (Years)
June 30, 2026
Intangible Assets
Toll-free telephone numberIndefinite$375 $– $375 Indefinite
Internet domain namesIndefinite485 – 485 Indefinite
Trade Names - PetCareRxIndefinite800 – 800 Indefinite
Customer Relationships - PetCareRx7 years6,700 (3,111)3,589 3.75 years
Developed Technology - PetCareRx3 years3,000 (3,000)— 0 years
$11,360 $(6,111)$5,249 
Other Assets
Minority interest investment in VetsterN/A5,300 – 5,300 N/A
Balance June 30, 2026
$16,660 $(6,111)$10,549 
March 31, 2026
Intangible Assets
Toll-free telephone numberIndefinite$375 $– $375 Indefinite
Internet domain namesIndefinite485 – 485 Indefinite
Trade Names - PetCareRxIndefinite800 – 800 Indefinite
Customer Relationships -PetCareRx7 years6,700 (2,871)$3,829 4 years
Developed Technology - PetCareRx3 years3,000 (3,000)$— 0 years
$11,360 $(5,871)$5,489 
Other Assets
Minority interest investment in VetsterN/A5,300 – 5,300 N/A
Balance March 31, 2026$16,660 $(5,871)$10,789 

Amortization expense for intangible assets was $0.2 million and $0.5 million for the three months ended June 30, 2026 and 2025, respectively.

The indefinite life intangibles are not being amortized and are subject to an annual review for impairment, or more frequently if circumstances indicate an impairment may have occurred, in accordance with the ASC Topic 350, Goodwill and Other Intangible Assets. The Company recognized non-cash impairment charges of $0.6 million as of June 30, 2025, which is reflected in “Impairment of goodwill and intangible assets” on the Condensed Consolidated Statements of Operations.

The Company holds a minority interest in Vetster Inc. (“Vetster”), a Canadian veterinary telehealth company. The minority interest investment is being valued on the cost basis and the investment will be evaluated periodically for any impairment. If certain triggering events occur, we would evaluate these non-financial assets for impairment. If an impairment were to occur, the asset would be recorded at the estimated fair value, using primarily unobservable Level 3 inputs.