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

Note 9 - Goodwill

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Note 9 - Goodwill
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Goodwill Disclosure [Text Block]

NOTE 9  GOODWILL

 

Changes in the carrying amount of goodwill during the periods presented were as follows:

 

    (in thousands)  

Balance at December 31, 2022

  $  

Balance at December 31, 2023

     

Acquisition of Coastal Pines Group

    17,116  

Balance at December 31, 2024

  $ 17,116  

 

Refer to "Note 10 – Business Combinations" for goodwill acquired during the year ended December 31, 2024.

 

The Company conducts its annual goodwill impairment assessment on November 1, and between annual tests if the Company becomes aware of an event or a change in circumstances that would indicate the carrying value may be impaired. For the purpose of the annual impairment test on November 1, the Company performed a qualitative assessment and noted no impairment of its goodwill as of  December 31, 2024.