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

6.

GOODWILL AND INTANGIBLE ASSETS

 

           The Company recorded a goodwill impairment charge of $10.8 million during the three months ended March 31, 2025. As a result, the Company has no goodwill balance as of December 31, 2025, or June 30, 2026.

 

Intangible assets, net, as of June 30, 2026 and December 31, 2025 consists of the following:

 

  

June 30, 2026

     
  

Gross Carrying Amount

  

Accumulated Amortization

  

Net Carrying Amount

  

Weighted-average Amortization Period (yrs)

 

Developed technology

 $8,074  $(3,181) $4,893   11 

Trade name

  1,756   (761)  995   10 

Customer relationships

  444   (217)  227   13 

Backlog

  185   (185)  -   1 

Patents

  644   (115)  529   20 

Intangible assets

 $11,103  $(4,459) $6,644     

 

  

December 31, 2025

    
  Gross Carrying Amount  

Accumulated Amortization

  Net Carrying Amount  

Weighted-average Amortization Period (yrs)

 

Developed technology

 $8,074  $(2,814) $5,260  11 

Trade name

  1,756   (673)  1,083  10 

Customer relationships

  444   (199)  245  13 

Backlog

  185   (185)  -  1 

Patents

  

640

   (101)  539  20 

Intangible assets

 $11,099  $(3,972) $7,127    

 

Amortization expense for the three months ended June 30, 2026, and 2025 was $0.2 million in each period. For the six months ended June 30, 2026 and 2025, amortization expense was $0.5 million in each period. For the six months ended June 30, 2026 and 2025, amortization expense recognized in Operating expenses was $0.1 million in each period. Amortization expense recognized in Cost of Revenues for the three and six months ended June 30, 2026 and 2025 was $0.1 million in each period.

 

Total estimated amortization on the Company’s intangible assets for each of the years ending  December 31, 2026 through 2030 and thereafter is as follows:

 

Calendar Years

 Amortization Expense 

Remaining 2026

 $480 

2027

  961 

2028

  957 

2029

  956 

2030

  956 

Thereafter

  2,334 
  $6,644