Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Intangible Assets (Tables)

v3.25.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Goodwill was as follows:
Gross Carrying Amount
 Accumulated Impairment Losses
Net Carrying Value of Goodwill
(in thousands)
December 31, 2024
Balance as of January 1, 2024
 $ 9,393  $ —  $ 9,393 
Acquisition
 867  —  867 
Balance as of December 31, 2024 $ 10,260  $ —  $ 10,260 
December 31, 2023
Balance as of January 1, 2023
 $ 9,393  $ —  $ 9,393 
Balance as of December 31, 2023
 $ 9,393  $ —  $ 9,393 
Schedule of Intangible Assets
Intangible assets - net was as follows:
Gross Carrying Amount
Accumulated Amortization
Net Carrying Amount
(in thousands)
December 31, 2024
Finite-lived intangible assets:
Trade names and trademarks $ 1,200  $ (49) $ 1,151 
Customer relationships 5,614  (4,819) 795 
Total finite-lived intangible assets:
 6,814  (4,868) 1,946 
Indefinite-lived intangible assets:
In-process research and development 3,500  —  3,500 
Total intangible assets at December 31, 2024
 $ 10,314  $ (4,868) $ 5,446 
December 31, 2023
Finite-lived intangible assets:
Customer relationships $ 6,530  $ (5,173) $ 1,357 
Distribution agreements 326  (326) — 
Technology and domain name 3,948  (3,948) — 
Total intangible assets at December 31, 2023
 $ 10,804  $ (9,447) $ 1,357 
Schedule of Future Amortization Expense The Company estimates that it will have the following amortization expense for the future periods indicated below:
For the years ending December 31: (in thousands)
2025 $ 788 
2026 474 
2027 240 
2028 240 
2029 204 
Thereafter
 3,500 
Total $ 5,446