GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

For the years ended December 31, 2025 and 2024, the changes in carrying amount of goodwill were as follows:


	Carrying Value
	2025		2024
Goodwill, January 1	$	5,703	$	5,749
Acquisition	242		—
Currency translation	(1)		(46)
Goodwill, December 31	$	5,944	$	5,703

On October 1, 2025, the Company applied ASC 350, and performed quantitative assessments to determine whether it was more likely than not that the fair value of its reporting units was less than their carrying values. To estimate the fair value of these reporting units, the Company used both an income approach and a market approach. The income approach required management to make significant estimates and judgments regarding future cash flows that were based on a number of factors including actual operating results, forecasted revenue and expenses, discount rate assumptions, and long-term growth rate assumptions. The market approach required the use of multiples based on financial metrics for both acquisitions and peer group companies. The Company did not recognize any impairment of goodwill related to these acquisitions. At the conclusion of its assessment, the Company determined the fair value of the reporting units exceeded their carrying values. As such, the Company determined that no impairment of goodwill had taken place as of December 31, 2025.

Intangible Assets

For the years ended December 31, 2025 and 2024, the Company’s intangible assets consisted of the following components:


2025	Weighted Average Remaining Amortization Useful Lives (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Non-compete agreements	2.7	$	147	$	(133)	$	14
Trade name	5.4	1,662		(933)		729
Customer lists	1.8	4,017		(3,072)		945
Developed technology	—	657		(657)		—
		$	6,483	$	(4,795)	$	1,688


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 years ended December 31, 2025 and 2024 was $901 and $1,126, 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 years ended December 31, 2025 or 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:


2026	$	680
2027	575
2028	131
2029	110
2030	110
Thereafter	82
	$	1,688

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


	January 1, 2025 Beginning Balance		Acquisition		Amortization		Translation and Other		December 31, 2025 Ending Balance
Non-compete agreements	$	29	$	2	$	(18)	$	1	$	14
Trade name	903		27		(203)		2		729
Customer lists	1,553		66		(674)		—		945
Developed technology	6		—		(6)		—		—
	$	2,491	$	95	$	(901)	$	3	$	1,688


	January 1, 2024 Beginning Balance		Acquisition		Amortization		Translation and Other		December 31, 2024 Ending Balance
Non-compete agreements	$	49	$	—	$	(18)	$	(2)	$	29
Trade name	1,123		—		(216)		(4)		903
Customer lists	2,267		—		(709)		(5)		1,553
Developed technology	189		—		(183)		—		6
	$	3,628	$	—	$	(1,126)	$	(11)	$	2,491