Intangible Assets, Net

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5 — Intangible Assets, Net

Definite lived intangible assets are comprised of the following (in millions):


	Estimated Useful Life (years)	June 30, 2025		December 31, 2024
Customer relationships	10-18	$	11.4	$	11.4
Less: accumulated amortization		(6.2)		(5.8)
Intangible assets, net		$	5.2	$	5.6

Amortization expense was $0.2 million and $0.2 million for the three months ended June 30, 2025 and 2024, respectively and $0.4 million and $0.4 million for the six months ended June 30, 2025 and 2024. Amortization expense for the future periods is expected to be as follows (in millions):


For the twelve months ending June 30,	Amount
2026	$	0.7
2027	0.7
2028	0.6
2029	0.5
2030	0.5
Thereafter	2.2
Total	$	5.2