v3.25.4
Note 5 - Intangible Assets
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 5 – Intangible Assets

 

Intangible assets consisted of the following:

 

 

 

December 31, 2024

 

 

December 31, 2023

 

Trademarks 

 

$

4,739

 

 

$

4,739

 

Indefinite-lived intangible assets

 

 

120

 

 

 

120

 

Customer relationships

 

 

6,023

 

 

 

6,023

 

 

 

 

10,882

 

 

 

10,882

 

Accumulated amortization

 

 

(10,762

)

 

 

(10,762

)

 

 

 

 

 

 

 

 

 

Intangible assets, net

 

$

120

 

 

$

120

 

 

Trademarks are amortized over periods ranging from 3 to 30 years, customer relationships are amortized over periods ranging from 15 to 16 years, and other intangible assets are amortized over 3 years. Amortization expense was $0 and $0 for 2024 and 2023, respectively. All intangible assets have been fully amortized as of December 31, 2024. 

During the fourth quarter of fiscal 2022 we recorded an aggregate impairment loss of the remaining definitive-lived intangible assets related to NSL customer relationships. Therefore, we recorded no loss of intangible assets related to  NSL customer relationships in 2024.

Due to the nature and size of our remaining assets, annual impairment testing was not performed in 2023 or  2024 nor was an impairment loss recognized.