Company: NGVC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0001437749-25-003026
Chunk: 20

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 20
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			Less accumulated depreciation and amortization

			(280,796
			
			)

			(279,502
			
			)

			Property and equipment, net

			$
			181,942

			178,609

13

Depreciation and amortization expense for the three months ended December 31, 2024 and 2023 is summarized as follows, dollars in thousands:

			Three months ended
			December 31,

			2024

			2023

			Depreciation and amortization expense included in cost of goods sold and occupancy costs

			$
			196

			141

			Depreciation and amortization expense included in store expenses

			7,336

			6,845

			Depreciation and amortization expense included in administrative expenses

			418

			395

			Depreciation and amortization expense included in pre-opening expenses

			—

			70

			Total depreciation and amortization expense

			$
			7,950

			7,451

9. Other Assets

Other assets as of December 31, 2024 and September 30, 2024, are summarized as follows, dollars in thousands:

			As of

			Useful lives

			December 31,

			September 30,

			(in years)

			2024

			2024

			Amortizable other assets:

			Implementation costs for software hosting arrangements

			4

			$
			1,159

			171

			Less accumulated amortization

			(—
			)

			(—
			)

			Amortizable other assets, net

			1,159

			171

			Deposits

			n/a

			158

			158

			Deferred sublease rents

			n/a

			121

			127

			Other

			n/a

			2

			2

			Total other assets

			$
			1,440

			458

10. Goodwill and Other Intangible Assets

The Company had the following goodwill and other intangible asset balances as of December 31, 2024 and September 30, 2024, dollars in thousands:

			As of

			Useful lives

			(in years)