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

8. Intangible Assets, Net

 

Intangible assets, net consisted of the following (in thousands):

 

 

 

March 31, 2026

 

 

December 31, 2025

 

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Carrying Value

 

 

Gross Carrying Value

 

 

Accumulated Amortization

 

 

Carrying Value

 

Developed and purchased technology

 

$

9,800

 

 

$

(1,697

)

 

$

8,103

 

 

$

9,800

 

 

$

(1,347

)

 

$

8,453

 

Customer relationships

 

 

900

 

 

 

(136

)

 

 

764

 

 

 

900

 

 

 

(108

)

 

 

792

 

Trademarks and trade names

 

 

3,500

 

 

 

(472

)

 

 

3,028

 

 

 

3,500

 

 

 

(375

)

 

 

3,125

 

      Total intangible assets

 

$

14,200

 

 

$

(2,305

)

 

$

11,895

 

 

$

14,200

 

 

$

(1,830

)

 

$

12,370

 

 

Amortization expense for intangible assets was $0.5 million for the three months ended March 31, 2026, $0.4 million for the period from January 15, 2025 to March 31, 2025, and $1.0 million for the period from January 1, 2025 to January 14, 2025.

 

The estimated amortization expense for intangible assets subsequent to March 31, 2026, consists of the following (in thousands):

 

Year Ending December 31:

 

 

 

For remainder of 2026

 

$

1,426

 

2027

 

 

1,901

 

2028

 

 

1,901

 

2029

 

 

1,901

 

Thereafter

 

 

4,766

 

 

 

$

11,895