Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2025

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Summary of Intangible Assets

The following tables provide information pertaining to the Company’s intangible assets as of:


		June 30, 2025
(in thousands)		Weighted-Average Remaining Useful Life				Gross Carrying Amount				Accumulated Amortization				Intangible Assets, Net
Intangible assets with finite lives:
Software			1.1			$	1,149			$	(1,132	)		$	17
Customer relationships			0.7				3,007				(2,971	)			36
Intangible assets with indefinite lives:
Trademarks		N/A					3,000				—				3,000
Intangible assets, net						$	7,156			$	(4,103	)		$	3,053


		December 31, 2024
(in thousands)		Weighted-Average Remaining Useful Life				Gross Carrying Amount				Accumulated Amortization				Intangible Assets, Net
Intangible assets with finite lives:
Software			1.2			$	1,167			$	(1,124	)		$	43
Customer relationships			0.8				3,007				(2,871	)			136
Intangible assets with indefinite lives:
Trademarks		N/A					3,000				—				3,000
Intangible assets, net						$	7,174			$	(3,995	)		$	3,179

Summary of Expected Amortization Expense for Intangible Assets with Definite Lives

Amortization expense for intangible assets with definite lives is expected to be as follows:


(in thousands)
Remainder of 2025		45
2026		8
Expected amortization expense for intangible assets with definite lives	$	53