GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

For the three months ended March 31, 2025 and the twelve months ended December 31, 2024, the changes in carrying amount of goodwill were as follows:


	Carrying Value
	2025
Goodwill, January 1,	$	5,703

Currency translation	14
Goodwill, March 31, 2025	$	5,717


	Carrying Value
	2024
Goodwill, January 1,	$	5,749

Currency translation	(46)
Goodwill, December 31, 2024	$	5,703

Intangible Assets

The Company’s intangible assets consisted of the following components as of March 31, 2025 and December 31, 2024:


March 31, 2025	Weighted Average Remaining Amortization Useful Lives (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Non-compete agreements	2.9	$	145	$	(120)	$	25
Trade name	6.0	1,635		(785)		850
Customer lists	2.4	3,954		(2,577)		1,377
Developed technology	0.8	657		(653)		4
		$	6,391	$	(4,135)	$	2,256


December 31, 2024	Weighted Average Remaining Amortization Useful Lives (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Non-compete agreements	2.9	$	145	$	(116)	$	29
Trade name	6.1	1,634		(731)		903
Customer lists	2.6	3,952		(2,399)		1,553
Developed technology	1.0	657		(651)		6
		$	6,388	$	(3,897)	$	2,491

Amortization expense for the three months ended March 31, 2025 and 2024 was $238 and $287, respectively. Intangible assets are amortized on a straight-line basis over their estimated useful lives. No impairment in the value of amortizable intangible assets was recognized during the three months ended March 31, 2025 and 2024.

Estimated future amortization expense for intangible assets for the remainder of the fiscal year ending December 31, 2025, and for each of the next fiscal years are as follows:


2025	$	632
2026	634
2027	549
2028	130
2029	110
Thereafter	201
	$	2,256

The change in the book value of amortizable intangible assets is as follows:


	January 1, 2025 Beginning Balance		Amortization		Translation and Other		March 31, 2025 Ending Balance
Non-compete agreements	$	29	$	(4)	$	—	$	25
Trade name	903		(54)		1		850
Customer lists	1,553		(178)		2		1,377
Developed technology	6		(2)		—		4
	$	2,491	$	(238)	$	3	$	2,256