v3.25.2
Intangible Assets, Net
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

5. Intangible Assets, Net

The following table summarizes intangible assets, net as of June 30, 2025 and December 31, 2024 (in thousands):

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Domain names

 

$

697

 

 

$

 

 

$

697

 

 

$

697

 

 

$

 

 

$

697

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software developed for sale

 

 

348

 

 

 

(77

)

 

 

271

 

 

 

348

 

 

 

(19

)

 

 

329

 

Total intangible assets

 

$

1,045

 

 

$

(77

)

 

$

968

 

 

$

1,045

 

 

$

(19

)

 

$

1,026

 

The Company’s software developed for sale was placed in service in November 2024 and is being amortized on a straight-line basis over a three-year useful life. Amortization expense was $29 thousand and $58 thousand for the three and six months ended June 30, 2025, respectively, and is recorded in cost of revenue. No amortization expense was recorded for each of the three and six months ended June 30, 2024.