INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

INTANGIBLE ASSETS

10. INTANGIBLE ASSETS

Intangible assets consisted of the following:

(Dollars in thousands)	June 30, 2026			December 31, 2025
Beeline brand	$	4,557		$	4,557
Customer list		393			393
Total		4,950			4,950
Less accumulated amortization		(170	)		(121	)
Total intangible assets, net	$	4,780		$	4,829

The Beeline brand has been determined to have an indefinite life and is not amortized. The Company, on an annual basis, tests the indefinite-lived asset for impairment. If the carrying value of an indefinite-lived asset is found to be impaired, then the Company will record an impairment loss and reduce the carrying value of the asset. As of June 30, 2026, the Company determined that the Beeline brand was not impaired.

The customer list has a useful life of four years and amortization expense was $49,125 for both the six months ended June 30, 2026 and 2025.