v3.26.1
INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2025
INTANGIBLE ASSETS  
Schedule of intangible assets

Intangible assets consist of the following as of December 31, 2025 and 2024 (in thousands):

  ​ ​ ​

As of December 31, 2025

Useful Life

Gross Value

Accumulated Amortization

Net Carrying Value

Weighted Average Remaining Useful Life

Management services agreements

17-21 years

$

17,100

$

(993)

$

16,107

18 years

Trade name

5 years

2,590

(548)

2,042

4 years

$

19,690

$

(1,541)

$

18,149

  ​ ​ ​

As of December 31, 2024

Useful Life

Gross Value

Accumulated Amortization

Net Carrying Value

Weighted Average Remaining Useful Life

Management services agreements

17-21 years

$

17,100

$

(30)

$

17,070

19.0 years

Trade name

5 years

2,590

(54)

2,536

5.0 years

$

19,690

$

(84)

$

19,606

Schedule of amortization expense

Amortization expense over the remaining life of the intangible assets will be recognized as follows (in thousands):

Year

  ​ ​ ​

Amortization expense

2026

$

1,457

2027

1,457

2028

1,457

2029

1,428

2030

939

Thereafter

11,411

$

18,149