Intangible Assets, Net |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill and Intangible Assets Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets, Net | 12. Intangible Assets, Net
Intangible assets, net are comprised of the following:
On October 20, 2025, the Company completed an asset acquisition in which it acquired certain intangible assets including intellectual property. See Note 3. Asset Acquisition for additional details. The intellectual property was recorded at acquisition-date fair value of $2.7 million and is amortized on a straight-line basis over the useful life of 18 years. Amortization expense was negligible for the year ended December 31, 2025 and $0.3 million for the year ended December 31, 2024. Amortization expense is recorded in the consolidated statement of operations within cost of goods sold or selling, general and administrative expense depending on the nature and use of the underlying intangible asset. The weighted average amortization period is 17.7 years. No impairment losses were recognized for intangible assets during the years ended December 31, 2025 and 2024.
Estimated future amortization expense as of December 31, 2025 is as follows:
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