Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
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

 

 

640

 

Translation adjustment

 

 

(11

)

Balance - December 31, 2024:

 

 

971

 

Translation adjustment

 

 

44

 

Balance - December 31, 2025:

 

$

1,015

 
As of December 31, 2025
Summary of Intangible Assets Related Accumulated Amortization

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

 

 

December 31,
2025

 

 

December 31,
2024

 

Gross carrying amount

 

$

116

 

 

$

116

 

Accumulated amortization

 

 

(46

)

 

 

(22

)

Translation adjustment

 

 

6

 

 

 

(1

)

Net carrying amount

 

$

76

 

 

$

93

 
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

 

 

(11

)

 

 

(10

)

 

 

(21

)

Translation adjustments

 

 

(1

)

 

 

(1

)

 

 

(2

)

Balance - December 31, 2024:

 

 

40

 

 

 

53

 

 

 

93

 

Amortization

 

 

(11

)

 

 

(13

)

 

 

(24

)

Translation adjustments

 

 

5

 

 

 

2

 

 

 

7

 

Balance - December 31, 2025:

 

$

34

 

 

$

42

 

 

$

76