Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.3
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amounts of Goodwill

The following table summarizes the changes in the carrying amounts of goodwill (in thousands):

 

Carrying
Amount

 

Balance - December 31, 2023:

 

$

342

 

Acquisition of Elevated Softgels

 

 

465

 

Translation adjustment

 

 

8

 

Balance - September 30, 2024:

 

$

815

 
Summary of Intangible Assets Related Accumulated Amortization

The following table summarizes the intangible assets and the related accumulated amortization (in thousands):

 

 

September 30, 2024

 

 

December 31, 2023

 

Gross carrying amount

 

$

116

 

 

$

78

 

Accumulated amortization

 

 

(16

)

 

 

(1

)

Translation adjustment

 

 

3

 

 

 

1

 

Net carrying amount

 

$

103

 

 

$

78

 
Summary of Changes in Carrying Amounts of Intangible Assets

Changes in the carrying amounts of intangible assets are summarized below (in thousands):

 

 

Trade names

 

 

Customer relationships

 

 

Total

 

Balance - December 31, 2023:

 

$

52

 

 

$

26

 

 

$

78

 

Acquisition of Elevated Softgels

 

 

—

 

 

 

38

 

 

 

38

 

Amortization

 

 

(8

)

 

 

(8

)

 

 

(16

)

Translation adjustments

 

 

1

 

 

 

2

 

 

 

3

 

Balance - September 30, 2024:

 

$

45

 

 

$

58

 

 

$

103