v3.25.1
Intangibles
3 Months Ended
Mar. 31, 2025
Intangibles  
Intangibles

4. Intangibles


Intangible assets as of March 31, 2025 and December 31, 2024 consisted of following (in thousands):




March 31, 2025

December 31, 2024

Gross Amount


Accumulated Amortization




Net Carrying Value

Gross Amount


Accumulated Amortization




Net Carrying Value
Indefinite-Lived intangible assets
$
3,467

$

$ 3,467

$ 3,467

$

$ 3,467
Acquired Software

7,121


2,767


4,354

6,907


2,492


4,415
Acquired Technology

588


131


457

566


102


464
Internal Use Software

3,254


2,078


1,176

3,120


1,877


1,243
Total $ 14,430

$ 4,976

$ 9,454

$ 14,060

$ 4,471

$ 9,589


The weighted average remaining useful lives of acquired software and acquired technology were 9.6 years as of March 31, 2025.


Amortization expense on intangibles assets was $0.4 million for the three months ended March 31, 2025 and $0.3 million for the three months ended March 31, 2024.  Future amortization is expected as follows:


2025
$ 900
2026

1,026
2027

633
2028

509
2029 and thereafter

2,919

$ 5,987