Company: NGVC
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015486
Chunk: 75

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 75
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			7,832

			Internal-use software in process (1) 

			31

			50

			Trademarks

			Indefinite

			389

			389

			Deferred financing costs, net

			3
			–
			5

			17

			19

			Total other intangibles, net

			7,450

			8,290

			Goodwill

			Indefinite

			5,198

			5,198

			Total goodwill and other intangibles, net

			$
			12,648

			13,488

(1) Internal-use software at September 30, 2024 has been reclassified from other intangibles to be consistent with the current period presentation.

15

11. Accrued Expenses

The composition of accrued expenses as of March 31, 2025 and September 30, 2024 is summarized as follows, dollars in thousands:

			As of

			March 31,

			September 30,

			2025

			2024

			Payroll and employee-related expenses

			$
			21,519

			21,874

			Accrued property, sales, and use tax payable

			8,581

			9,607

			Accrued marketing expenses

			621

			413

			Deferred revenue

			1,971

			1,895

			Other

			2,690

			2,058

			Total accrued expenses

			$
			35,382

			35,847

12. Income Taxes

Income taxes are accounted for in accordance with the provisions of FASB ASC Topic 740 “Income Taxes” (ASC 740). Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are remeasured using enacted tax rates expected to apply to taxable income in the fiscal years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amounts expected to be realized.