Company: NGVC
Filing Date: 2025-12-11
Form Type: 10-K
Source: 0001437749-25-037556
Chunk: 89

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-12-11
Form: 10-K
Item: Item 1A
Chunk 89
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			$
			14,969

			14,774

			Other intangibles (1)

			1
			–
			10

			92

			92

			Amortizable intangible assets

			15,061

			14,866

			Less accumulated amortization

			(8,929
			
			)

			(7,034
			
			)

			Amortizable intangible assets, net

			6,132

			7,832

			Internal-use software in process (1)

			21

			50

			Trademarks

			Indefinite

			389

			389

			Deferred financing costs, net

			3
			–
			5

			15

			19

			Total other intangibles, net

			6,557

			8,290

			Goodwill

			Indefinite

			5,198

			5,198

			Total goodwill and other intangibles, net

			$
			11,755

			13,488

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

Amortization expense was $1.9 million, $1.7 million and $1.5 million for the years ended September 30, 2025, 2024 and 2023, respectively.

Future aggregate amortization expense associated with intangible assets for the fiscal years subsequent to 2025 is estimated to be approximately as follows, dollars in thousands:

			Fiscal year 

			Amortization
			expense

			2026

			$
			1,799

			2027

			1,642

			2028

			1,405

			2029

			1,305

			2030

			5

			Thereafter

			12

			Total amortization expense

			$
			6,168

Capitalized costs for internal-use software implementation and development were $0.2 million, $1.1 million and $1.1 million for the years ended September 30, 2025, 2024 and 2023, respectively, primarily due to capitalization of costs