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Note 10 - Intangible Assets and Other Assets, Net (Tables)
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Components of Indefinite-lived Intangible Assets

The following table summarizes the components of the Company’s indefinite-lived intangible assets (in thousands):

 

 

December 31, 2025

 

 

December 31, 2024

 

 

Cost

 

 

Impairment

 

 

Net Carrying
Value

 

 

Cost

 

 

Impairment

 

 

Net Carrying
Value

 

Indefinite-lived intangible assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

In-process research and
  development

 

$

50,000

 

 

$

(10,000

)

 

$

40,000

 

 

$

50,000

 

 

$

-

 

 

$

50,000

 

Total

 

$

50,000

 

 

$

(10,000

)

 

$

40,000

 

 

$

50,000

 

 

$

-

 

 

$

50,000

 

Intangible Assets Net of Accumulated Amortization

Other assets, net of accumulated amortization consisted of the following (in thousands):

 

 

December 31, 2025

 

 

December 31, 2024

 

Website development

 

$

90

 

 

$

90

 

Interest in GT Medical

 

 

151

 

 

 

196

 

Security deposits

 

 

207

 

 

 

72

 

Total other assets

 

 

448

 

 

 

358

 

Less: Accumulated amortization

 

 

(86

)

 

 

(79

)

 

 

362

 

 

 

279

 

Equity method investment1

 

 

124

 

 

 

126

 

Total other assets, net

 

$

486

 

 

$

405

 

 

1.
On August 23, 2022, the Company acquired 20% of the outstanding equity interests of RadRelease Pharmaceuticals LLC (RadRelease), an Indiana limited liability company, pursuant to a Membership Interest Purchase Agreement (MIPA), dated August 23, 2022, by and among RadRelease and the Company. Pursuant to the MIPA, the Company paid RadRelease approximately $0.2 million in cash consideration. The investment is recorded on a one-quarter lag. Included in the consolidated financial statements for the year ended December 31, 2025 is the Company’s proportional share of losses, which was de minimis.
Amortization Expense

 

 

Year Ended December 31,

 

 

2025

 

 

2024

 

Amortization expense on website development

 

$

7

 

 

$

7

 

Total amortization expense

 

$

7

 

 

$

7

 

Future Amortization Expense

Future amortization expense is expected to be as follows (in thousands):

 

Year ending December 31,

 

 

 

2026

 

$

4

 

Total future amortization expense

 

$

4