v3.26.3
GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2026
GOODWILL AND INTANGIBLE ASSETS  
GOODWILL AND INTANGIBLE ASSETS

4.

GOODWILL AND INTANGIBLE ASSETS

Goodwill was $26,937 as of September 30, 2026 and $17,872 as of December 31, 2025. As of September 30, 2026, the Company recorded cumulative translation adjustment of ($495) related to goodwill held in Canadian operations.

Definite-lived intangible assets, net consisted of the following:

​

​

​

​

​

​

​

​

​

September 30, 2026

​

​

Gross

​

Accumulated

​

Net Carrying

​

  ​ ​ ​

Amount

  ​ ​ ​

Amortization

​

Amount

Trade name

 

$ 3,053

 

($ 1,498)

​

$ 1,555

Existing technology

​

5,904

​

(4,936)

​

968

Non-competition agreements

​

524

​

(391)

​

133

Customer relationships

​

2,790

​

(1,528)

​

1,262

Licensing agreement

​

210

​

(210)

​

-

Intellectual property

​

1,453

​

(1,015)

​

438

Total intangible assets

 

$ 13,934

 

($ 9,578)

​

$ 4,356

​

​

​

​

​

​

​

​

​

​

December 31, 2025

​

​

Gross

​

Accumulated

​

Net Carrying

​

​

Amount

  ​ ​ ​

Amortization

​

Amount

Trade name

 

$ 2,068

 

($ 1,262)

​

$ 806

Existing technology

​

5,996

 

(4,871)

​

1,125

Non-competition agreements

​

476

 

(368)

​

108

Customer relationships

​

2,011

 

(1,051)

​

960

Licensing agreement

​

210

 

(210)

​

-

Intellectual property

​

1,453

 

(31)

​

1,422

Total intangible assets

 

$ 12,214

 

($ 7,793)

​

$ 4,421

​

Definite-lived intangible assets are amortized using the straight-line method over an asset’s estimated useful life. Amortization expense for definite-lived intangible assets for the three months ended September 30, 2026 and 2025 was

$569 and $713, respectively. Amortization expense for definite-lived intangible assets for the nine months ended September 30, 2026 and 2025 was $1,814 and $2,014, respectively.