v3.26.1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets [Abstract]  
GOODWILL AND INTANGIBLE ASSETS

NOTE 6 — GOODWILL AND INTANGIBLE ASSETS

 

Total intangible assets consisted of the following as of June 30, 2026 and December 31, 2025:

 

    June 30, 2026  
    Gross
Amount		     Accumulated
Amortization		     Net Balance  
Brands     7,281       (3,601 )     3,680  
Customer relationships     1,376       (317 )     1,059  
Distribution agreement     1,000       (286 )     714  
Total     9,657       (4,204 )     5,453  

 

    December 31, 2025  
    Gross
Amount		     Accumulated
Amortization		     Net Balance  
Brands     7,281       (3,230 )     4,051  
Customer relationships     1,376       (200 )     1,176  
Distribution agreement     1,000       (36 )     964  
Total     9,657       (3,466 )     6,191  

 

The Brands, customer relationships and distribution agreement are being amortized over useful lives of ten years, five years and two years, respectively. Amortization expenses were $738 and $436 for the six months ended June 30, 2026 and 2025, respectively.

 

Goodwill amounted to $951 as of June 30, 2026 and December 31, 2025.

 

No events or changes in circumstances indicating impairment of goodwill or of the definite-lived intangible assets were identified during the six months ended June 30, 2026.