| Goodwill and Intangible Assets |
Note 5 – Goodwill and Intangible Assets
Goodwill
Goodwill consisted of the following:
| Schedule of goodwill | |
| |
| | |
Total | |
| Balance at December 31, 2025 | |
| | |
| Goodwill | |
$ | 12,948 | |
| Accumulated impairment losses | |
| (1,244 | ) |
| | |
$ | 11,704 | |
| | |
| |
| Balance at June 30, 2026 | |
| |
| Goodwill | |
$ | 12,948 | |
| Accumulated impairment losses | |
| (1,244 | ) |
| | |
$ | 11,704 | |
Intangible Assets
Other intangible assets, net consisted of the following:
| Schedule of other intangible assets | |
| | |
| | |
| | |
| |
| | |
June 30, 2026 | | |
December 31, 2025 | |
| | |
Gross | | |
| | |
Net | | |
Gross | | |
| | |
Net | |
| | |
Carrying | | |
Accumulated | | |
Carrying | | |
Carrying | | |
Accumulated | | |
Carrying | |
| | |
Amount | | |
Amortization | | |
Amount | | |
Amount | | |
Amortization | | |
Amount | |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Recipes | |
$ | 44 | | |
$ | (44 | ) | |
$ | – | | |
$ | 44 | | |
$ | (44 | ) | |
$ | – | |
| Customer lists and other customer related intangibles | |
| 4,529 | | |
| (4,529 | ) | |
| – | | |
| 4,529 | | |
| (4,529 | ) | |
| – | |
| Customer relationships | |
| 3,385 | | |
| (1,772 | ) | |
| 1,613 | | |
| 3,385 | | |
| (1,692 | ) | |
| 1,693 | |
| Brand names | |
| 7,948 | | |
| (4,013 | ) | |
| 3,935 | | |
| 7,948 | | |
| (3,823 | ) | |
| 4,125 | |
| Formula | |
| 438 | | |
| (438 | ) | |
| – | | |
| 438 | | |
| (438 | ) | |
| – | |
| Total intangible assets, net | |
$ | 16,344 | | |
$ | (10,796 | ) | |
$ | 5,548 | | |
$ | 16,344 | | |
$ | (10,526 | ) | |
$ | 5,818 | |
Estimated amortization expense on intangible assets
for the next five years is as follows:
| Schedule of future amortization expense on intangible assets | |
| | |
| Year | |
Amortization | |
| Six months ended December 31, 2026 | |
$ | 270 | |
| 2027 | |
$ | 540 | |
| 2028 | |
$ | 540 | |
| 2029 | |
$ | 540 | |
| 2030 | |
$ | 540 | |
The weighted-average remaining amortization expense
period for the customer relationship and brand name intangible assets is 10.1 and 10.4 years, respectively, as of June 30, 2026. The weighted-average
remaining amortization expense period for total intangible assets is 10.3 years as of June 30, 2026.
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