v3.25.4
Other Intangible Assets
12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets

11. Other intangible assets

Intangible assets as of December 31, 2025 are as follows:

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

 

 

$000s

 

 

$000s

 

License and software

 

 

481

 

 

 

481

 

Accumulated Depreciation

 

 

(193

)

 

 

(169

)

License and software, net

 

 

288

 

 

 

312

 

 

The intangible assets are amortized beginning from the date of acquisition, over their useful life or written down if they are considered to be impaired.

Amortization expense is included in General and administrative expenses, which included on the consolidated statements of income (loss), and was nominal for the years ended December 31, 2025 and 2024, respectively.

Expected future amortization expense is as follows:

 

Year

Expected Amortization

 

 

$000s

 

2026

 

46

 

2027

 

41

 

2028

 

41

 

2029

 

41

 

2030

 

41

 

Thereafter

 

78

 

 

No impairment charges related to intangible assets were recorded for the years ended December 31, 2025 and 2024.