| Intangible Assets, Net |
Intangible Assets, Net Intangible assets, net, are summarized as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount | | Amortized intangible assets | | | | | | | | | Patents and know-how | $ | 10,575 | | $ | (8,662) | | $ | 1,913 | | | $ | 10,320 | | $ | (8,488) | | $ | 1,832 | | | Licenses | 1,000 | | (129) | | 871 | | | 1,000 | | (104) | | 896 | | | Customer and supplier relationships | 7,659 | | (1,912) | | 5,747 | | | 7,659 | | (1,147) | | 6,512 | | | Tradenames and trademarks | 8,553 | | (6,137) | | 2,416 | | | 2,937 | | (1,850) | | 1,087 | | | Total amortized intangible assets | $ | 27,787 | | $ | (16,840) | | $ | 10,947 | | | $ | 21,916 | | $ | (11,589) | | $ | 10,327 | | | | | | | | | | | Unamortized intangible assets: | | | | | | | | | Tradenames and trademarks | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | | Patents in Process | 73 | | | 73 | | | 291 | | | 291 | | | Total intangible assets | $ | 28,868 | | | $ | 12,028 | | | $ | 23,215 | | | $ | 11,626 | |
The Company recognized $0.1 million of impairment of intangible assets during the six months ended June 30, 2024, which related to abandoned patents. Expected future amortization of intangible assets as of June 30, 2025, is as follows (in thousands): | | | | | | | Year ending December 31, | Estimated
Amortization
Expense | 2025 (excluding the six months ended June 30, 2025) | $ | 3,394 | | | 2026 | 1,790 | | | 2027 | 1,790 | | | 2028 | 1,787 | | | 2029 | 631 | | | Thereafter | 1,555 | | | Total amortized intangible assets | $ | 10,947 | |
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