Changes in the carrying amount of goodwill were as follows:


(In thousands)	Amounts
Balance at December 31, 2024	$	-
Acquisition		14,731
Balance at December 31, 2025	$	14,731

There was no impairment of goodwill recorded during the twelve months ended December 31, 2025 and 2024.

Acquired intangible assets, net consisted of the following:


	December 31, 2025
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Useful Life (In years)
Customer relationships	$	5,148	$	53	$	5,095		8.7
Developed technology		2,600		31		2,569		6.9
Tradename		1,500		13		1,487		9.9
Non-compete		1,300		21		1,279		4.9
Total	$	10,548	$	118	$	10,430

The Company recorded $0.1 million of amortization expense during the year ended December 31, 2025, which was recorded as intangible amortization expense in the consolidated statement of operations. The Company had no intangible amortization expense during the year ended December 31, 2024.

As of December 31, 2025, future amortization expense related to acquired intangible assets was as follows:


(In thousands)	Amortization Expense
2026	$	1,421
2027		1,421
2028		1,421
2029		1,421
2030		1,379
2031 and thereafter		3,367
Total	$	10,430