Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.2.u1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets [Abstract]  
Schedule of Goodwill Goodwill consists of the following:

(in thousands)

    June 30,
2024		  
Balance as of December 31, 2023   $ 3,018  
Impairment of goodwill     (3,018 )
Balance as of June 30, 2024   $
—
  
Schedule of Intangible Assets Intangible assets consist of the following:

(in thousands)

    June 30, 2024  
    Useful     Gross Carrying     Accumulated     Net           Net Carrying  
    Life     Amount     Amortization     Disposal     Impairment     Amount  
Trademarks     5-10 Years     $ 2,320     $ (761 )   $
—
     $ (1,559 )   $
   —
  
Noncompete agreements     5 Years       990       (644 )    
—
       (346 )    
—
  
Customer relationships     5-7 Years       3,760       (1,628 )     (51 )     (2,081 )    
—
  
Patents and patent applications     5 Years       650       (65 )    
—
       (585 )    
—
  
            $ 7,720     $ (3,098 )   $ (51 )   $ (4,571 )   $
—
  
    December 31, 2023  
Trademarks     5-10 Years     $ 2,320     $ (605 )   $
—
     $
—
     $ 1,715  
Noncompete agreements     5 Years       990       (545 )    
—
      
—
       445  
Customer relationships     5-7 Years       3,760       (1,342 )     (51 )    
—
       2,367  
Patents and patent applications     (*)       650      
—
      
—
      
—
       650  
            $ 7,720     $ (2,492 )   $ (51 )   $
—
     $ 5,177  
(*) Patents have yet to be approved by the United States Patent and Trademark Office. Useful life is determined upon placement into service after approval.