The carrying value of goodwill was $1.0 million as of both March 29, 2025 and December 28, 2024.

Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. The Company reviews goodwill for impairment on an annual basis or whenever events or changes in circumstances indicate the carrying value may not be recoverable. The Company performs an annual impairment test by comparing

the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. In addition, income tax effects from any tax-deductible goodwill carrying amount of the reporting unit should be considered when measuring the goodwill impairment loss, if applicable. The Company has determined that it has a single reporting unit for purposes of performing its goodwill impairment test. As the Company uses the market approach to assess impairment, its common stock price is an important component of the fair value calculation. If the Company’s stock price continues to experience significant price and volume fluctuations, this will impact the fair value of the reporting unit and can lead to potential impairment in future periods. The Company performed its annual impairment test during the second quarter of fiscal year 2024 and determined that its goodwill was not impaired.

The following table summarizes the components of gross and net of intangible assets carrying amounts (in thousands):


	March 29, 2025							December 28, 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Useful Lives Remaining	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relations	$	340	$	298	$	42	2.92 Years	$	340	$	290	$	50
Developed technology		1,899		882		1,017	3.92 Years		1,899		814		1,085
Trade names		300		136		164	4.92 Years		300		128		172
	$	2,539	$	1,316	$	1,223		$	2,539	$	1,232	$	1,307

Amortization expense was $84 thousand for both the three months ended March 29, 2025 and March 30, 2024.

The amortization of developed technology was charged to research and development expense and the amortization of customer relations and trade names was charged to sales and marketing expense. Estimated future amortization expense for purchased intangible assets is as follows (in thousands):


Fiscal Year:
Remainder of 2025 (nine months)	$	239
2026		319
2027		319
2028		200
2029		140
Thereafter		6
Total	$	1,223