The following table presents the detail of intangible assets, net as recorded in the unaudited condensed consolidated balance sheets as of March 31, 2025 and December 31, 2024:


		As of
(Amounts in thousands)	Estimated Life	March 31, 2025		December 31, 2024

Intangible assets:
Solar renewable energy agreements	2.8 to 5.8 years	$	340	$	340
Performance based incentives agreements	12.8	3,240		3,240
Trade name	29.8	8,400		8,400
Gross intangible assets		11,980		11,980
Less: Accumulated amortization		(3,305)		(3,023)

Intangible assets, net		$	8,675	$	8,957

Amortization of intangible assets for each of the three months ended March 31, 2025 and 2024 were $0.3 million, of which $0.1 million and $0.2 million were recorded within revenues and selling, general and administrative expenses, respectively, for each of the periods.

The weighted-average useful life of the intangibles identified above is approximately 15.8 years, which approximates the period over which the Company expects to utilize the estimated economic benefits.

As of March 31, 2025, expected amortization of intangible assets for each of the five succeeding fiscal years and thereafter is as follows:


	As of March 31,
(Amounts in thousands)	2025
Remainder of 2025	$	845
2026	1,122
2027	978
2028	878
2029	805
Thereafter	4,047
Total	$	8,675