GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2026

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

5. GOODWILL AND INTANGIBLE ASSETS

Goodwill was $26,917 as of June 30, 2026 and $17,872 as of December 31, 2025. As of June 30, 2026, the Company recorded cumulative translation adjustment of $(515) related to goodwill held in Canadian operations.

Definite-lived intangible assets, net consisted of the following:

	June 30, 2026
	Gross	Accumulated	Net Carrying
	Amount	Amortization	Amount
Trade name	$ 3,052	($ 1,410)	$ 1,642
Existing technology	5,904	(5,630)	274
Non-competition agreements	523	(376)	147
Customer relationships	2,790	(1,351)	1,439
Licensing agreement	210	(210)	-
Intellectual property	1,453	(31)	1,422
Total intangible assets	$ 13,932	($ 9,008)	$ 4,924

	December 31, 2025
	Gross	Accumulated	Net Carrying
	Amount	Amortization	Amount
Trade name	$ 2,068	($ 1,262)	$ 806
Existing technology	5,996	(4,871)	1,125
Non-competition agreements	476	(368)	108
Customer relationships	2,011	(1,051)	960
Licensing agreement	210	(210)	-
Intellectual property	1,453	(31)	1,422
Total intangible assets	$ 12,214	($ 7,793)	$ 4,421

Definite-lived intangible assets are amortized using the straight-line method over an asset’s estimated useful life. Amortization expense for definite-lived intangible assets for the three months ended June 30, 2026 and 2025 was $602 and $685, respectively. Amortization expense for definite-lived intangible assets for the six months ended June 30, 2026 and 2025 was $1,245 and $1,301, respectively.