Software Assets, Net (Tables)

12 Months Ended

Dec. 31, 2025

The components of the intangible assets are as follows:


(in thousands)	December 31, 2025
Technology in development	$1,317
Assembled workforce	1,316
Trade name	235
Less: accumulated amortization	(86)
Definite-lived intangible assets in use, net	$1,465
Definite-lived intangible assets, net	$2,782

Software assets, net, consisted of the following:


(in thousands)	December 31, 2025	December 31, 2024
Software in development	$1,069	$1,400
Software assets in use	13,198	11,240
Less: accumulated amortization	(9,702)	(6,511)
Software assets in use, net	3,496	4,729
Software assets, net	4,565	6,129

Expected future amortization expense for definite-lived intangible assets in use are as follows:

The following summarizes the future amortization expense as of December 31, 2025.