Goodwill and intangible assets, net |
Goodwill and intangible assets, net The following table shows the components of intangible assets, net (in thousands): | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Patents and trademarks | $ | 1,017 | | | 890 | | Trade name | 3,793 | | 3,792 | | IP license | 10,636 | | 10,636 | | Customer relationships | 11,402 | | 11,351 | | Reagent license | 1,800 | | 1,800 | | Land use right | 181 | | | — | | Total intangible assets | 28,829 | | | 28,469 | | Less: accumulated amortization | (10,228) | | | (8,341) | | Intangible assets, net | $ | 18,601 | | | $ | 20,128 | |
Total amortization expense for the three and six months ended June 30, 2025 was approximately $0.9 million and $1.9 million, respectively. Total amortization expense for the three and six months ended June 30, 2024 was approximately $0.9 million and $1.9 million, respectively.
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