Summary of Total Intangible Assets |
The following table presents the detail of acquired intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | Gross Cost | | Accumulated Amortization | | Net Cost | | Gross Cost | | Accumulated Amortization | | Net Cost | Customer relationships | | $ | 100,300 | | | $ | (15,602) | | | $ | 84,698 | | | $ | 100,300 | | | $ | (12,259) | | | $ | 88,041 | | Developed technology | | 77,000 | | | (17,967) | | | 59,033 | | | 77,000 | | | (14,117) | | | 62,883 | | Tradename | | 16,000 | | | (3,733) | | | 12,267 | | | 16,000 | | | (2,933) | | | 13,067 | | Backlog | | 7,000 | | | (7,000) | | | — | | | 7,000 | | | (7,000) | | | — | | Total | | $ | 200,300 | | | $ | (44,302) | | | $ | 155,998 | | | $ | 200,300 | | | $ | (36,309) | | | $ | 163,991 | |
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Summary of Future Amortization |
Estimated future amortization expense is as follows: | | | | | | | | | Remainder of 2025 | | $ | 7,994 | | 2026 | | 15,987 | | 2027 | | 15,987 | | 2028 | | 15,987 | | 2029 | | 15,987 | | 2030 | | 15,987 | | Thereafter | | 68,069 | | Total | | $ | 155,998 | |
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