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

8. Intangible Assets

 

Intangible Assets consist of the following (in thousands):

 

   December 31, 2025   December 31, 2024 
Goodwill  $3,764   $3,764 
           
Developed technology  $6,442   $6,250 
In process research and development   578    770 
Customer relationships   310    310 
Trademark   410    410 
Total intangibles   7,740    7,740 
           
Less: Accumulated amortization   (1,311)   (382)
Net intangibles  $6,429   $7,358 

 

We recognized amortization expense of $0.9 million and $0.4 million in 2025 and 2024, respectively. We expect to recognize annual amortization expense of $0.9 million in for each of the next five years.

 

The Company operates as a single reporting segment which is considered to be a sole reporting unit, and therefore, Goodwill was assessed at the enterprise level.