v3.26.3
Intangible Assets and Goodwill (Tables)
 9 Months Ended
Sep. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Schedule of Intangible Assets

The Company’s identifiable intangible assets as of September 30, 2026 and December 31, 2025 are shown below (in thousands except for lives):

 

 

Remaining

 

 

Carrying Value

 

 

 

 

 

 

 

 

Carrying Value

 

 

 

Life

 

 

December 31,

 

 

 

 

 

 

 

 

September 30,

 

 

 

(years)

 

 

2025

 

 

Additions

 

 

Amortization

 

 

2026

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name (ALT)

 

 

14.9

 

 

$

510

 

 

$

—

 

 

$

(25

)

 

$

485

 

Vendor Relationship (ALT)

 

 

—

 

 

 

153

 

 

 

—

 

 

 

(153

)

 

 

—

 

Customer Relationship (DebtX)

 

 

14.3

 

 

 

—

 

 

 

1,272

 

 

 

(64

)

 

 

1,208

 

Noncompete Agreements (DebtX)

 

 

0.3

 

 

 

—

 

 

 

26

 

 

 

(20

)

 

 

6

 

Total amortizable intangible assets

 

 

 

 

 

663

 

 

 

1,298

 

 

 

(262

)

 

 

1,699

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Name (NLEX)

 

N/A

 

 

 

2,437

 

 

 

—

 

 

 

—

 

 

 

2,437

 

Trade Name (DebtX)

 

N/A

 

 

 

—

 

 

 

1,762

 

 

 

—

 

 

 

1,762

 

Trade Name (Boston Note)

 

N/A

 

 

 

—

 

 

 

530

 

 

 

—

 

 

 

530

 

Total intangible assets

 

 

 

 

$

3,100

 

 

$

3,590

 

 

$

(262

)

 

$

6,428

 
Schedule of Estimated Amortization Expense Intangible Assets

As of September 30, 2026, the estimated amortization expense for the remainder of the current fiscal year and the next five fiscal years and thereafter is shown below (in thousands):

 

Year

 

Amount

 

2026 (remainder of year from October 1, 2026 to December 31, 2026)

 

$

36

 

2027

 

 

117

 

2028

 

 

117

 

2029

 

 

117

 

2030

 

 

117

 

Thereafter

 

 

1,195

 

Total estimated amortization expense

 

$

1,699

 

 
Schedule of Goodwill

The Company’s goodwill relates to its acquisition of various entities. Goodwill consists of the following at September 30, 2026 and December 31, 2025 (in thousands):

 

 

 

September 30, 2026

 

 

December 31, 2025

 

ALT

 

$

1,861

 

 

$

1,861

 

HGP

 

 

2,041

 

 

 

2,041

 

NLEX

 

 

3,544

 

 

 

3,544

 

DebtX

 

 

5,301

 

 

 

—

 

Boston Note

 

 

1,207

 

 

 

—

 

Total goodwill

 

$

13,954

 

 

$

7,446