v3.26.1
Intangibles
12 Months Ended
Dec. 31, 2025
Intangibles  
Intangibles

Note 9. Intangibles

For the year ended December 31, 2025, we performed a qualitative analysis of our indefinite-lived intangible asset and goodwill and noted no indicators of impairment. Through our analysis, we determined that it is not more likely than not that the carrying value of our indefinite-lived intangible asset and goodwill exceeded its fair value. We had goodwill of $1.5 million as of December 31, 2025, and December 31, 2024.

As of December 31, 2025, and December 31, 2024, intangible assets, net consisted of the following:

December 31, 2025

Weighted-Average

Remaining

Gross

Amortization Period

Carrying

Accumulated

Net Carrying

(Amounts in thousands; except years)

  ​ ​ ​

(Years)

  ​ ​ ​

Value

  ​ ​ ​

Amortization

  ​ ​ ​

Value

Indefinite-lived intangible assets:

 

Trademarks

$

1,180

$

$

1,180

Total intangible assets, net

 

$

1,180

 

$

 

$

1,180

December 31, 2024

Weighted-Average

Remaining

Gross

Amortization Period

Carrying

Accumulated

Net Carrying

(Amounts in thousands; except years)

  ​ ​ ​

(Years)

  ​ ​ ​

Value

  ​ ​ ​

Amortization

  ​ ​ ​

Value

Indefinite-lived intangible assets:

 

Trademarks

$

1,180

$

$

1,180

Finite-lived intangible assets:

Backlog

4,732

4,732

Total intangible assets, net

 

$

5,912

 

$

4,732

 

$

1,180

We recorded amortization of intangible assets of $0.0 million, $0.5 million, and $0.5 million for the years ended December 31, 2025, December 31, 2024, and December 31, 2023, respectively.