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

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.25.0.1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of acquired intangible assets
The Company's acquired intangible assets at December 31, 2024 and 2023 consisted of the following (in thousands):

December 31, 2024 Weighted
average
amortization
period (years)		 Cost Accumulated
amortization		 Net
carrying
value
Trade name and trademarks 7.38 $ 3,159  $ 2,466  $ 693 
Licenses and customer base 7.96 22,553  4,607  17,946 
Non-compete agreements 2.00 42  42  — 
7.89 $ 25,754  $ 7,115  $ 18,639 


December 31, 2023 Weighted
average
amortization
period (years)		 Cost Accumulated
amortization		 Net
carrying
value
Trade name and trademarks 7.11 $ 3,104  $ 1,335  $ 1,769 
Licenses and customer base 9.15 18,033  2,797  15,236 
Non-compete agreements 2.00 42  35  7 
8.84 $ 21,179  $ 4,167  $ 17,012 
Schedule of intangible assets, future amortization expense
Estimated future amortization expense for the Company’s intangible assets at December 31, 2024 was as follows (in thousands):

Year ending December 31,
2025 $ 3,077 
2026 2,570 
2027 2,477 
2028 2,477 
2029 2,029 
Thereafter 6,009 
Total $ 18,639 
Schedule of changes in goodwill
The changes in the carrying value of the Company’s goodwill in the years ended December 31, 2024 and 2023 were as follows (in thousands):
Year ended December 31,
2024 2023
Balance at January 1, $ 11,993  $ 8,079 
Ermont Acquisition and subsequent adjustments to the purchase price allocation 3,819  3,914 
Balance at December 31, $ 15,812  $ 11,993