Intangible Assets |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Finite-Lived Intangible Assets, Net [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible assets |
The Company’s intangible assets with definite useful lives primarily consisted of licensed software and customer relationship, which are for sales or support the Company’s business and operation. The following table summarizes the components of acquired intangible asset balances.
Amortization expense recognized in cost of revenues for the six months ended June 30, 2025 and 2024 amounted to approximately $1.58 million and $1.31 million, respectively.
The Company did not recognize any impairment loss on intangible assets for the six months ended June 30, 2025 and the year ended December 31, 2024.
The future amortization expense of the intangible assets for the twelve months ending June 30 of the following years is expected as follows:
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