v3.25.3
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
E.GOODWILL AND INTANGIBLE ASSETS:

 

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 September 30, 2025  $2,321 

 

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

 

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

 

    Weighted-   As of September 30, 2025     As of December 31, 2024  
    Average
Remaining
Useful  Life		   Gross     Accumulated
Amortization		     Net
Carrying
Amount		     Gross     Accumulated
Amortization		     Net
Carrying
Amount		  
Customer lists   7.8 years   $ 5,175     $ (1,363 )   $ 3,812     $ 5,175     $ (1,005 )   $ 4,170  
Total intangible assets - customer lists, net       $ 5,175     $ (1,363 )   $ 3,812     $ 5,175     $ (1,005 )   $ 4,170  
Trade name   Indefinite   $ 654     $
—
     $ 654     $ 654     $
—
     $ 654  
Total intangible assets - trade name       $ 654     $
—
     $ 654     $ 654     $
—
     $ 654  

 

The Company recorded amortization expense of $122 and $100 for the three months ended September 30, 2025 and 2024, respectively. The Company recorded amortization expense of $358 and $272 for the nine months ended September 30, 2025 and 2024, respectively.

 

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

 

Fiscal Years:    
Remainder of 2025  $124 
2026   488 
2027   488 
2028   488 
2029   488 
Thereafter   1,736 
Total  $3,812 

 

Actual future estimated amortization expense could differ from these estimated amounts as a result of future acquisitions, dispositions, impairments, and other factors or changes.