XML 27 R16.htm IDEA: XBRL DOCUMENT v3.25.2
GOODWILL AND INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill

For the six months ended June 30, 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 translation57 
Goodwill, June 30, 2025
$5,760 
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 June 30, 2025 and December 31, 2024:

June 30, 2025Weighted Average Remaining Amortization Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-compete agreements3.1$147 $(126)$21 
Trade name5.91,639 (840)799 
Customer lists2.23,959 (2,756)1,203 
Developed technology
0.5657 (654)
$6,402 $(4,376)$2,026 

December 31, 2024Weighted Average Remaining Amortization Useful Lives
(in years)
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Non-compete agreements2.9$145 $(116)$29 
Trade name6.11,634 (731)903 
Customer lists2.63,952 (2,399)1,553 
Developed technology
1.0657 (651)
$6,388 $(3,897)$2,491 
Amortization expense for the three and six months ended June 30, 2025 was $238 and $476, 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 six months ended June 30, 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$395 
2026637 
2027551 
2028131 
2029110 
Thereafter202 
$2,026 
The change in the book value of amortizable intangible assets is as follows:

January 1, 2025
Beginning Balance
AmortizationTranslation and Other
June 30, 2025
Ending Balance
Non-compete agreements$29 $(9)$$21 
Trade name903 (109)799 
Customer lists1,553 (355)1,203 
Developed technology
(3)— 
$2,491 $(476)$11 $2,026