v3.26.1
Intangibles
3 Months Ended
Mar. 31, 2026
Intangibles  
Intangibles

4. Intangibles

As a result of the Acquisition of VCN, the Company has an intangible asset, in-process research and development (“IPR&D”). The IPR&D is deemed to have indefinite lives and therefore not amortized.

The following table provides the Company’s in-process R&D as of March 31, 2026.

  ​ ​ ​

In-process

R&D (in thousands)

Balance at December 31, 2025

$

19,619

Effects of exchange rates

(394)

Balance at March 31, 2026

$

19,225

There were no impairment charges recorded during the three months ended March 31, 2026 and 2025.