v3.26.1
Note 10 - Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset and Goodwill [Text Block]

Note 10—Goodwill and Other Intangible Assets

 

The table below reconciles the change in the carrying amount of goodwill for the period from January 1, 2026 to June 30, 2026: 

 

      

Genie

     
  

GRE

  

Renewables

  

Total

 
  

(in thousands)

 

Balance at January 1, 2026

 $9,998  $2,980  $12,978 

Acquisition of Able Minds

  —   575  $575 

Cumulative translation adjustment

  —   345   345 

Balance at June 30, 2026

 $9,998  $3,900  $13,898 

 

The table below presents information on the Company’s other intangible assets:   

 

  

Weighted

             
  

Average

  

Gross

         
  

Amortization

  

Carrying

  

Accumulated

  

Net

 
  

Period

  

Amount

  

Amortization

  

Balance

 
  

(in thousands)

 

June 30, 2026

                

Patents and trademarks

  20.0 years  $2,860  $(1,386) $1,474 

Customer relationships

  9.0 years   1,100   (1,080)  20 

Licenses

  10.0 years   479   (318)  161 

Total

     $4,439  $(2,784) $1,655 

December 31, 2025

                

Patent and trademark

  20.0 years  $2,860  $(1,322) $1,538 

Customer relationships

  9.0 years   1,100   (1,019)  81 

Licenses

  10.0 years   479   (294)  185 

Total

     $4,439  $(2,635) $1,804 

 

Amortization expense of intangible assets was $0.1 million for each of the three months ended  June 30, 2026 and 2025. The Company estimates that amortization expense of intangible assets will be $0.1 million, $0.2 million, $0.2 million, $0.2 million, $0.2 million and $0.8 million for the remainder of 2026 and for 2027, 2028, 2029, 2030 and thereafter, respectively.