v3.25.1
Intangible Assets
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(6) Intangible Assets

 

The following table sets forth information regarding intangible assets (in thousands):

 

March 31, 2025: 

Weighted

Average Life

  Cost  

Accumulated

Amortization

   Net 
Patents  11 years  $2,777   $(1,017)  $1,760 
Customer List  6 years   8,000    (2,778)   5,222 
Tradenames  10 years   1,190    (248)   942 
      $11,967   $(4,043)  $7,924 

 

December 31, 2024: 

Weighted

Average Life

  Cost  

Accumulated

Amortization

   Net 
Patents  11 years  $2,777   $(948)  $1,829 
Customer List  6 years   8,000    (2,445)   5,555 
Tradenames  10 years   1,190    (218)   972 
      $11,967   $(3,611)  $8,356 

 

Amortization expense was $0.4 million and $0.4 million for the three months ended March 31, 2025 and 2024, respectively.