Note 9 - Goodwill and Intangible Assets
|6 Months Ended|
Jun. 30, 2023
|Notes to Financial Statements|
|Goodwill and Intangible Assets Disclosure [Text Block]||
9. Goodwill and Intangible Assets
The Company determined no impairment existed for goodwill for the three and six months ended June 30, 2023.
The following table summarizes the components of preliminary gross assets, accumulated amortization, and net carrying values for definite and indefinite lived intangible asset balances as of June 30, 2023:
Definite lived intangible assets are amortized over their estimated lives using the straight line method, which is estimated as 8 years for developed technology, 12 years for intellectual property,years for customer relationships and year for below market lease. The acquired trade name was estimated to have an indefinite life, and consequently, no amortization expense was recorded. The Company determined no impairment existed for intangible assets for the three months ended June 30, 2023.
The estimated future amortization expenses related to definite lived intangible assets as of June 30, 2023 is as follows:
The entire disclosure for goodwill and intangible assets.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef