The following table presents the details of intangible assets, net as recorded in the unaudited condensed consolidated balance sheets as of March 31, 2026 and December 31, 2025:


			As of
(Amounts in thousands)	Estimated Life (in Years)	Weighted Average Amortization (in Years)	March 31, 2026		December 31, 2025

Intangible assets:
Solar renewable energy agreements	1.8 to 4.8	1.8	$	340	$	340
Performance based incentives agreements	11.8	8.4	3,240		3,240
Trade name	28.8	26.8	8,400		8,400
Gross intangible assets		22.2	11,980		11,980
Less: Accumulated amortization			(4,430)		(4,150)

Intangible assets, net			$	7,550	$	7,830

Amortization of intangible assets for each of the three months ended March 31, 2026 and 2025 was $0.3 million, of which $0.1 million and $0.2 million were recorded within revenue and selling, general and administrative expenses, respectively, for each of the periods.

As of March 31, 2026, expected amortization of intangible assets for each of the five succeeding fiscal years and thereafter is as follows:


	As of
(Amounts in thousands)	March 31, 2026
Remainder of 2026	$	842
2027	978
2028	878
2029	805
2030	737
Thereafter	3,310
Total	$	7,550