v3.25.2
Intangible Assets, Net
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
The following table provides the components of identifiable intangible assets, all of which are finite lived:
 June 30,
2025
December 31,
2024
Purchased intangible$3,858 $3,858 
Purchased patent509 509 
 4,367 4,367 
Less: accumulated amortization(4,367)(4,367)
Intangible assets, net$— $— 
There was no amortization expense incurred during the three and six months ended June 30, 2025. For the three and six months ended June 30, 2024, amortization expense was $39 and $78, respectively. In June 2024, in connection with a termination of an agreement, the Company recorded a gain on termination of the contract in the amount of $1,500, which was partially offset by an adjustment to the remaining balance of $1,200 of the intangible asset. The net gain of $300 was recorded within Other income, net on the Statements of Operations and Comprehensive Loss for the three and six month periods ended June 30, 2024. See Note 6, Material Agreements.