Intangible Assets, Net

3 Months Ended

Mar. 31, 2026

Note 7 -- Intangible Assets, Net

Intangible assets, net consist of the following:


	March 31,			December 31,
	2026			2025
In-place leases	$	2,221		$	2,221
Policy renewal rights - United		10,100			10,100
Non-compete agreements - United (a)		314			314
Total, at cost		12,635			12,635
Less: accumulated amortization		(10,401	)		(9,952	)
Intangible assets, net	$	2,234		$	2,683

(a)

Fully amortized.

Amortization expense for intangible assets was $449 and $641 for the three months ended March 31, 2026 and 2025, respectively.