Quarterly report [Sections 13 or 15(d)]

Goodwill and Intangible Assets (Tables)

v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets [Abstract]  
Schedule of Company's Goodwill Balance

The following table summarizes the activity in the Company’s goodwill balance:

 

Balance as of December 31, 2023  (1)   $
—
  
Gander Group Acquisition (see Note F)     2,542  
Measurement period adjustment     (221 )
Balance as of December 31, 2024   $ 2,321  
Balance as of June 30, 2025   $ 2,321  

 

(1) Net of accumulated impairment loss of $1,992 as of December 31, 2023.
Schedule of Intangible Assets

The following table presents details of the Company’s intangible assets, estimated lives and related accumulated amortization:

 

        As of June 30, 2025     As of December 31, 2024  
    Weighted -
Average
Remaining
Useful Life		   Gross     Accumulated
Amortization		     Net
Carrying
Amount		     Gross     Accumulated
Amortization		     Net
Carrying
Amount		  
Customer lists   8.1 years   $ 5,175     $ (1,241 )   $ 3,934     $ 5,175     $ (1,005 )   $ 4,170  
Total intangible assets - customer lists, net       $ 5,175     $ (1,241 )   $ 3,934     $ 5,175     $ (1,005 )   $ 4,170  
Trade name   Indefinite   $ 654     $
—
     $ 654     $ 654     $
—
     $ 654  
Total intangible assets - trade name       $ 654     $
—
     $ 654     $ 654     $
—
     $ 654  
Schedule of Estimated Future Amortization Expense of Intangible Assets

The following table presents future estimated amortization expense based on existing intangible assets held for use:

 

Fiscal Years:      
Remainder of 2025   $ 246  
2026     488  
2027     488  
2028     488  
2029     488  
Thereafter     1,736  
Total   $ 3,934