Company: NGVC
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025419
Chunk: 24

Company: Natural Grocers by Vitamin Cottage, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 24
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une 30,

			2025

			September 30,

			2024

			Amortizable intangible assets:

			Internal-use software (1)

			1
			–
			7

			$
			14,969

			14,774

			Other intangibles

			1
			–
			10

			92

			92

			Amortizable intangible assets

			15,061

			14,866

			Less accumulated amortization

			(8,469
			
			)

			(7,034
			
			)

			Amortizable intangible assets, net

			6,592

			7,832

			Internal-use software in process (1)

			—

			50

			Trademarks

			Indefinite

			389

			389

			Deferred financing costs, net

			3
			–
			5

			16

			19

			Total other intangibles, net

			6,997

			8,290

			Goodwill

			Indefinite

			5,198

			5,198

			Total goodwill and other intangibles, net

			$
			12,195

			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 June 30, 2025 and September 30, 2024 is summarized as follows, dollars in thousands:

			As of

			June 30,

			September 30,

			2025

			2024

			Payroll and employee-related expenses

			$
			18,688

			21,874

			Accrued property, sales, and use tax payable

			8,029

			9,607

			Accrued marketing expenses

			406

			413

			Deferred revenue

			2,042

			1,895

			Other

			2,316

			2,058

			Total accrued expenses

			$
			31,481