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

PERMIT AND OTHER INTANGIBLE ASSETS

v3.25.0.1
PERMIT AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
PERMIT AND OTHER INTANGIBLE ASSETS

NOTE 5

PERMIT AND OTHER INTANGIBLE ASSETS

 

The following table summarizes changes in the carrying value of permits which exist in our Treatment Segment.

 

Permit (amount in thousands)   Treatment  
Balance as of December 31, 2022   $ 9,610  
Permit in progress     295  
Balance as of December 31, 2023   $ 9,905  
Permit in progress     626  
Balance as of December 31, 2024   $ 10,531  

 

The following table summarizes information relating to the Company’s definite-lived intangible assets:

 

          December 31, 2024     December 31, 2023  
    Weighted Average Amortization     Gross           Net     Gross           Net  
    Period     Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying  
    (Years)     Amount     Amortization     Amount     Amount     Amortization     Amount  
Other Intangibles (amount in thousands)                                          
Patents     5.8     $ 753     $ (435 )   $ 318     $ 710     $ (387 )   $ 323  
Software     3       666       (591 )     75       667       (529 )     138  
Total           $ 1,419     $ (1,026 )   $ 393     $ 1,377     $ (916 )   $ 461  

 

The intangible assets noted above were amortized on a straight-line basis over their useful lives.

 

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

 

    Amount  
Year   (In thousands)  
       
2025   $ 56  
2026     49  
2027     30  
2028              21  
2029     18  

 

Amortization expense recorded for definite-lived intangible assets was approximately $117,000 and $198,000, for the years ended December 31, 2024, and 2023, respectively.