v3.25.2
Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Finite-Lived Intangible Assets

Intangible assets, net, all of which are finite-lived, consisted of the following (in thousands):

 

 

June 30, 2025

 

 

December 31, 2024

 

Capitalized milestone payments

 

$

13,360

 

 

$

7,500

 

Less accumulated depreciation

 

 

(388

)

 

 

(129

)

Total

 

$

12,972

 

 

$

7,371

 

Schedule of Estimated Future Amortization Expense

As of June 30, 2025, estimated future amortization expense for capitalized intangible assets for the next five years is as follows (in thousands):

Year Ended December 31,

 

Amount

 

2025 (remaining six months)

 

$

476

 

2026

 

 

517

 

2027

 

 

517

 

2028

 

 

517

 

2029

 

 

517

 

Total

 

$

2,544