Intangible Assets

3 Months Ended

Mar. 31, 2026

3.	Intangible Assets

Intangible Assets, Net consists of the following:

	$			$
	March 31, 2026			December 31, 2025
Finite-Lived Intangible Assets/Contractual Rights	$	1,749,626		$	1,749,626
Accumulated Amortization		(1,627,302	)		(1,618,267	)

Intangible Assets, Net	$	122,324		$	131,359

Amortization expense associated with Blackstone’s intangible assets was $9.0 million for each of the three month periods ended March 31, 2026 and 2025.

Amortization of Intangible Assets held at March 31, 2026 is expected to be $36.1 million, $35.1 million, $18.2 million, $17.0 million and $14.0

million for the years ending December 31, 2026, 2027, 2028, 2029 and 2030, respectively. Blackstone’s Intangible Assets as of March 31, 2026 are expected to amortize over a weighted-average period of

4.3 years.