Quarterly report [Sections 13 or 15(d)]

Note 8 - Other Intangible Assets

v3.25.1
Note 8 - Other Intangible Assets
3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

8.

Other Intangible Assets

 ​

The following is a summary of the Company’s other intangible assets:

 ​

   

Gross

   

Less

   

Net

 
   

Carrying

   

Accumulated

   

Carrying

 
   

Amount

   

Amortization

   

Amount

 

March 31, 2025

                       

Indefinite-lived intangibles:

                       

Trademark and tradenames

  $ 77,600     $ -     $ 77,600  

Amortizable intangibles:

                       

Dealer network

    80,000       80,000       -  

Customer relationships

    80,920       49,170       31,750  

Patents

    21,136       19,709       1,427  

Noncompete agreements

    8,640       8,640       -  

Trademarks

    5,459       4,236       1,223  

Amortizable intangibles, net

    196,155       161,755       34,400  

Total

  $ 273,755     $ 161,755     $ 112,000  

 

   

Gross

   

Less

   

Net

 
   

Carrying

   

Accumulated

   

Carrying

 
   

Amount

   

Amortization

   

Amount

 

December 31, 2024

                       

Indefinite-lived intangibles:

                       

Trademark and tradenames

  $ 77,600     $ -     $ 77,600  

Amortizable intangibles:

                       

Dealer network

    80,000       80,000       -  

Customer relationships

    80,920       47,876       33,044  

Patents

    21,136       19,506       1,630  

Noncompete agreements

    8,640       8,640       -  

Trademarks

    5,459       4,183       1,276  

Amortizable intangibles, net

    196,155       160,205       35,950  

Total

  $ 273,755     $ 160,205     $ 113,550  

 ​

Amortization expense for intangible assets was $1,550 and $2,630 for the three months ended March 31, 2025 and 2024, respectively. Estimated amortization expense for the remainder of 2025 and each of the succeeding five years is as follows:

 ​

2025

  $ 4,526  

2026

    5,450  

2027

    5,450  

2028

    5,450  

2029

    5,300  

2030

    4,566