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

Intangible assets consist of the following as of June 30, 2025:

 

(Dollars in thousands)  Intangible Assets   Accumulated
Amortization		   Total 
             
Strategic pipeline contract  $46,885   $34,382   $12,503 
Assembled workforce   500    367    133 
Patents   349    28    321 
Total  $47,734   $34,777   $12,957 

 

Intangible assets consist of the following as of December 31, 2024:

 

(Dollars in thousands)  Intangible Assets   Accumulated
Amortization		   Total 
             
Strategic pipeline contract  $46,885   $29,694   $17,191 
Assembled workforce   500    317    183 
Patents   266    20    246 
Total  $47,651   $30,031   $17,620 
Schedule of Amortization Expense of Intangible Assets

The Company expects to record amortization expense of intangible assets over the next five years and thereafter as follows:

 

(Dollars in thousands)    
Year  2025 
2025 (remainder of the year)  $4,747 
2026   7,914 
2027   17 
2028   17 
2029   17 
Thereafter   245 
Total  $12,957