NOTE 6: INTANGIBLE ASSETS, NET

Intangible assets, net

Identifiable intangible assets consist of the following at June 30, 2026:

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Identifiable intangible assets consist of the following at December 31, 2025:

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During the three months ended June 30, 2026, the Company identified impairment indicators related to certain finite-lived intangible assets within its OSN segment. These indicators included continued operating losses, changes in the Company’s strategic priorities, the divestiture and wind-down of certain businesses within OSN, and the strategic review of the remaining operations for potential divestiture.

As a result of these indicators, the Company performed a recoverability assessment of the related long-lived asset group and determined that the carrying amount of certain finite-lived intangible assets was not recoverable. Accordingly, the Company recognized an impairment loss of approximately $322,000 during the three and six months ended June 30, 2026. No impairment loss related to these intangible assets was recognized during the three or six months ended June 30, 2025.

On April 3, 2026, the Company acquired HKA. In connection with the acquisition, the Company recognized intangible assets consisting of proprietary technology, customer relationships, and trade names of approximately $274,000, $9,000, and $44,000, respectively.

Intangible assets are amortized over their estimated useful lives of 3 to 15 years using the straight-line method. Amortization expense was approximately $86,000 and $27,000 for the three months ended June 30, 2026 and 2025, respectively and $166,000 and $112,000 for the six months ended June 30, 2026 and 2025, respectively. Amortization expense over the next five years and thereafter is as follows:

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