Note 7 - Intangible Assets

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Intangible Asset [Text Block]

NOTE 7 — INTANGIBLE ASSETS

Intangible assets represent the fair value assigned to definite-lived assets such as trade names and customer relationships as part of the Company’s acquisition of Brad Foote completed in 2007 as well as the noncompetition agreements, trade names and customer relationships that were part of the Company’s acquisition of Red Wolf Company, LLC completed in 2017. Intangible assets are amortized on a straight-line basis over their estimated useful lives, with a remaining life of 2 years.

As of March 31, 2026 and December 31, 2025, the cost basis, accumulated amortization and net book value of intangible assets were as follows:

	March 31, 2026												December 31, 2025
											Remaining												Remaining
											Weighted												Weighted
						Accumulated			Net		Average							Accumulated			Net		Average
	Cost		Accumulated			Impairment			Book		Amortization				Accumulated			Impairment			Book		Amortization
	Basis		Amortization			Charges			Value		Period		Cost		Amortization			Charges			Value		Period
Intangible assets:
Customer relationships	$	15,979	$	(8,387	)	$	(7,592	)	$	-		—	$	15,979	$	(8,365	)	$	(7,592	)	$	22		0.1
Trade names		9,099		(8,480	)		—			619		1.5		9,099		(8,380	)		—			719		1.8
Intangible assets	$	25,078	$	(16,867	)	$	(7,592	)	$	619		1.5	$	25,078	$	(16,745	)	$	(7,592	)	$	741		1.7

As of March 31, 2026, estimated future amortization expense was as follows:

2026	$	300
2027		319
Total	$	619