v3.26.3
Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
As of June 30, 2026 and December 31, 2025, the Company had goodwill of approximately $11.5 million related to the acquisition of Drone Nerds and included as a part of the UAS segment. There were no changes in the carrying amount of goodwill during the three and six months ended June 30, 2026, and no impairment indicators were identified.
Intangible Assets
Intangible assets consist primarily of patents, trade names and trademarks, and customer relationships acquired in the Drone Nerds acquisition. The following table presents intangible assets associated with continuing operations as of June 30, 2026 and December 31, 2025 (in thousands):
As of June 30, 2026:
Gross
Amount
Accumulated
Amortization
Net
Carrying
Amount
Remaining
Weighted
Average
Useful Life
Patents$468 $(223)$245 8.4
Trade Names / Trademarks4,000 (197)3,803 12.4
Customer Relationships5,200 (369)4,831 8.4
Total$9,668 $(789)$8,879 
As of December 31, 2025
Gross
Amount
Accumulated
Amortization
Net
Carrying
Amount
Remaining
Weighted
Average
Useful Life
Patents$468 $(207)$261 8.8
Trade Names / Trademarks4,000 (43)3,957 12.9
Customer Relationships5,200 (80)5,120 8.9
Total$9,668 $(330)$9,338 
Amortization expense for the three and six months ended June 30, 2026 was approximately $0.2 million and $0.5 million, respectively. Amortization expense for the three and six months ended June 30, 2025 was primarily related to the Inpixon business, which is included in discontinued operations.
The Company evaluates long-lived assets for impairment when events or changes in circumstances indicate that the carrying amount may not be recoverable. No impairment indicators were identified during the six months ended June 30, 2026. The UAS segment, which contains materially all goodwill and intangibles, continues to be profitable for the three and six months ended June 30, 2026.