v3.26.3
Note 5 - Intangible Assets, Net
 9 Months Ended
Sep. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

5. Intangible Assets, Net

 

Intangible assets consist of acquired intangible assets and self-developed software.

 

A summary of the balances of the Company’s intangible assets as of  September 30, 2026 and  December 31, 2025 is presented below:

 

  

Gross Carrying Amount

  

Accumulated Amortization

  

Net Carrying Amount

  

Gross Carrying Amount

  

Accumulated Amortization

  

Net Carrying Amount

 
  September 30, 2026  December 31, 2025 
  

(in thousands)

 

Technology and software

 $16,291  $(8,155) $8,136  $14,911  $(6,120) $8,791 

Customer related assets

  4,767   (1,991)  2,776   4,890   (1,629)  3,261 

Total

 $21,058  $(10,146) $10,912  $19,801  $(7,749) $12,052 

 

Amortization expense for intangible assets was $0.8 million and $2.5 million for the three and nine months ended September 30, 2026, and $0.8 million and $2.4 million for the three and nine months ended  September 30, 2025, respectively.

 

As of September 30, 2026, estimated future amortization expense for intangible assets, net is as follows:

 

Year Ending December 31:

    
  

(in thousands)

 

2026 (three months)

 $855 

2027

  3,124 

2028

  2,583 

2029

  1,876 

2030

  1,392 

Thereafter

  1,082 

Total intangible assets subject to amortization

 $10,912