The composition of intangible assets, net is as follows (in thousands):


	As of March 31, 2026									As of December 31, 2025
	Weighted Average Useful Life		Gross Amount		Accumulated Amortization			Net Carry Amount		Gross Amount		Accumulated Amortization			Net Carry Amount
Patent 1		7		143		(60	)		83		143		(57	)		86
Patent 2		8		238		(92	)		146		238		(87	)		151
Patent 3		14		118		(26	)		92		118		(24	)		94
Patent 4		15		80		(13	)		67		80		(12	)		68
Patent 5		5		55		(16	)		39		55		(15	)		40
Patent 6		1		152		(96	)		56		154		(84	)		70
Regenity License		9		5,000		(625	)		4,375		5,000		(500	)		4,500
Capitalized Software		2		635		(105	)		530		635		(53	)		582
Trademarks	Indefinite			54		-			54		54		-			54
Total intangible assets			$	6,475	$	(1,033	)	$	5,442	$	6,477	$	(832	)	$	5,645

For the three-months ended March 31, 2026 and 2025, the Company did not identify any events or changes in circumstances that indicated that the carrying value of its intangibles may not be recoverable. As such, there was no impairment of intangible assets recognized for the three-months ended March 31, 2026 and 2025. Amortization expense of intangibles included in the Consolidated Statements of Operations was $204,000 and $135,000 for the three-months ended March 31, 2026 and 2025, respectively. Due to Regenity receiving 510(k) clearance for Cohealyx in December 2024, the Company recorded a license (the “Regenity License”) of $5.0 million. For further details refer to Note 11 to the Consolidated Financial Statements.

The Company expects the future amortization of amortizable intangible assets held at March 31, 2026 to be as follows (in thousands):


	Estimated Amortization Expense
Remainder of 2026	$	579
2027		758
2028		705
2029		547
2030		547
Thereafter		2,252
Total	$	5,388