|
NOTE 10: INTANGIBLE ASSETS, NET AND GOODWILL
The following tables summarize the composition of intangible assets as of March 31, 2026 and December 31, 2025:
|
|
March 31, 2026 |
|
|
|
Gross |
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
|
|
Carrying |
|
|
Accumulated |
|
|
Accumulated |
|
|
Carrying |
|
|
Weighted |
|
|
|
Amount |
|
|
Amortization |
|
|
Impairment |
|
|
Amount |
|
|
Average Life |
|
Finite lived intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Developed technology |
|
|
700 |
|
|
|
(72 |
) |
|
|
- |
|
|
|
628 |
|
|
|
8.09 |
|
Trade names |
|
|
150 |
|
|
|
(46 |
) |
|
|
- |
|
|
|
104 |
|
|
|
2.09 |
|
Non-compete agreements |
|
|
110 |
|
|
|
(19 |
) |
|
|
- |
|
|
|
91 |
|
|
|
4.09 |
|
Total intangible assets |
|
$ |
960 |
|
|
$ |
(137 |
) |
|
$ |
- |
|
|
$ |
823 |
|
|
|
6.69 |
|
|
|
December 31, 2025 |
|
|
|
Gross |
|
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
|
|
Carrying |
|
|
Accumulated |
|
|
Accumulated |
|
|
Carrying |
|
|
Weighted |
|
|
|
Amount |
|
|
Amortization |
|
|
Impairment |
|
|
Amount |
|
|
Average Life |
|
Finite lived intangible assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BNA software |
|
$ |
1,109 |
|
|
$ |
(84 |
) |
|
$ |
(1,025 |
) |
|
$ |
- |
|
|
|
- |
|
Developed technology |
|
|
700 |
|
|
|
(52 |
) |
|
|
- |
|
|
|
648 |
|
|
|
8.33 |
|
Trade names |
|
|
150 |
|
|
|
(33 |
) |
|
|
- |
|
|
|
117 |
|
|
|
2.33 |
|
Non-compete agreements |
|
|
110 |
|
|
|
(14 |
) |
|
|
- |
|
|
|
96 |
|
|
|
4.33 |
|
Total intangible assets |
|
$ |
2,069 |
|
|
$ |
(183 |
) |
|
$ |
(1,025 |
) |
|
$ |
861 |
|
|
|
6.93 |
|
Amortization expense was $38 and $10 for the three months ended March 31, 2026, and 2025, respectively.
The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2026, is summarized below:
|
|
Estimated |
|
|
|
Future |
|
|
|
Amortization |
|
|
|
Expense |
|
2026 |
|
$ |
112 |
|
2027 |
|
|
150 |
|
2028 |
|
|
116 |
|
2029 |
|
|
100 |
|
2030 and therafter |
|
|
345 |
|
Total |
|
$ |
823 |
|
|