Intangible Assets, Net

3 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

Note 5. Intangible Assets, Net

Intangibles assets, net, consists of the following (in thousands):


	March 31, 2026			December 31, 2025
EAS contracts	$	25,770		$	25,770
Tradenames and trademarks		8,340			8,340
Software		3,122			3,122
Other intangibles		225			225
Intangible assets, gross		37,457			37,457
Accumulated amortization		(18,127	)		(17,390	)
Intangible assets, net	$	19,330		$	20,067

The Company recorded amortization expense of $0.7 million and $0.9 million for the three months ended March 31, 2026 and 2025, respectively. Amortization expense is recognized as a component of Depreciation and amortization expense in the accompanying Condensed Consolidated Statements of Operations.

Expected future amortization as of March 31, 2026 is as follows (in thousands):


	Amount
Remainder of 2026	$	2,177
2027		2,764
2028		2,577
2029		2,577
2030		2,577
Thereafter		6,658
Total	$	19,330