Note 10 - Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2025

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

Note 10—Goodwill and Other Intangible Assets

The table below reconciles the change in the carrying amount of goodwill for the period from January 1, 2025 to June 30, 2025: 

			Genie
	GRE		Renewables		Total
	(in thousands)
Balance at January 1, 2025	$	9,998	$	2,751	$	12,749
Cumulative translation adjustment		—		52		52
Balance at June 30, 2025	$	9,998	$	2,803	$	12,801

The table below presents information on the Company’s other intangible assets:   

	Weighted
	Average		Gross
	Amortization		Carrying		Accumulated			Net
	Period		Amount		Amortization			Balance
	(in thousands)
June 30, 2025
Patents and trademarks		18.1 years	$	3,510	$	(1,679	)	$	1,831
Customer relationships		9.0 years		1,100		(957	)		143
Licenses		10.0 years		479		(270	)		209
Total			$	5,089	$	(2,906	)	$	2,183
December 31, 2024
Patent and trademark		18.1 years	$	3,510	$	(1,580	)	$	1,930
Customer relationships		9.0 years		1,100		(896	)		204
Licenses		10.0 years		479		(246	)		233
Total			$	5,089	$	(2,722	)	$	2,367

Amortization expense of intangible assets was $0.1 million for each of the three months ended  June 30, 2025 and 2024. Amortization expense of intangible assets was $0.2 million for each of the six months ended June 30, 2025 and 2024. The Company estimates that amortization expense of intangible assets will be $0.2  million, $0.3 million, $0.3 million, $0.3 million, $0.2 million and $1.0 million for the remainder of 2025, and for 2026, 2027, 2028, 2029 and thereafter, respectively.