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Note 12 - Intangible Assets, Net
3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 12. Intangible Assets, net 

 

Intangible assets, net consisted of the following (in thousands):

 

  

March 31, 2024

 
  

(Unaudited)

 
  

Gross amount

  

Accumulated amortization

  

Net Amount

 

Pharmacy records

 $8,130  $(1,219) $6,911 

Trade names

  4,700   (353)  4,347 

Developed technology

  2,880   (432)  2,448 

Customer Contracts

  250   (231)  19 

Total intangible assets

 $15,960  $(2,235) $13,725 

 

 

  

December 31, 2023

 
  

(Audited)

 
  

Gross amount

  

Accumulated amortization

  

Net Amount

 

Pharmacy records

 $8,130  $(807) $7,323 

Trade names

  4,700   (224)  4,476 

Developed technology

  2,880   (281)  2,599 

Customer Contracts

  250   (225)  25 

Total intangible assets

 $15,960  $(1,537) $14,423 

 

Amortization of customer contracts is included in depreciation and amortization in the accompanying Condensed Consolidated Statements of Comprehensive Income (Loss). For the three months ended March 31, 2024 and 2023, the Company recognized amortization expense of approximately $0.7 million and $0.01 million, respectively. Future amortization of intangible assets is as follows:

 

Year

  Amount 

2024 (remaining nine months)

 $2,023 

2025

  2,672 

2026

  2,672 

2027

  2,672 

2028

  1,571 

Thereafter

  2,115 

Total

 $13,725