v3.26.1
Intangible Assets, Net
3 Months Ended
Mar. 31, 2026
Intangible Assets, Net [Abstract]  
Intangible Assets, Net

5. Intangible Assets, Net

Major components of intangible assets as of March 31, 2026, are provided in the table below (in thousands):

 

Useful Lives

 

Cost

 

 

Accumulated
Amortization

 

 

Total

 

License agreements

 

20 years

 

$

2,043

 

 

$

(1,412

)

 

$

631

 

Patent costs

 

20 years

 

 

1,629

 

 

 

(253

)

 

 

1,376

 

Trademark costs

 

 

 

 

231

 

 

 

 

 

 

231

 

Total

 

 

 

$

3,903

 

 

$

(1,665

)

 

$

2,238

 

 

Major components of intangible assets as of December 31, 2025, are provided in the table below (in thousands):

 

Useful Lives

 

Cost

 

 

Accumulated
Amortization

 

 

Total

 

License agreements

 

20 years

 

$

2,043

 

 

$

(1,356

)

 

$

687

 

Patent costs

 

20 years

 

 

1,610

 

 

 

(242

)

 

 

1,368

 

Trademark costs

 

 

 

 

230

 

 

 

 

 

 

230

 

Total

 

 

 

$

3,883

 

 

$

(1,598

)

 

$

2,285

 

 

Amortization expense for intangible assets was $0.1 million and $0.2 million for the three months ended March 31, 2026 and 2025, respectively. There were no impairments and no write-offs of intangibles in the three months ended March 31, 2026 and 2025, respectively.

Future amortization expense for intangible assets as of March 31, 2026 is provided in the table below (in thousands):

 

Years Ending December 31,

 

Amount

 

2026 (remaining nine months)

 

$

107

 

2027

 

 

143

 

2028

 

 

143

 

2029

 

 

143

 

2030

 

 

143

 

Thereafter

 

 

1,328

 

Total

 

$

2,007