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

 

At March 31, 2026 and December 31, 2025, intangible assets consisted of:

             
   Useful Life  March 31, 2026   December 31, 2025 
Definite lived intangible assets:           
 Developed technology  5-10 years  $5,756,000   $5,684,000 
 Customer list  8-12 years   6,380,000    6,358,000 
 Trade names  10-15 years   2,547,000    2,529,000 
       14,683,000    14,571,000 
 Accumulated amortization      (1,266,000)   (898,000)
 Total definite-lived intangible assets     $13,417,000   $13,673,000 

 

Certain of the Company’s trade names and trademarks were determined to have an indefinite life. The remaining definite-lived intangible assets are primarily being amortized on a straight-line basis over their estimated useful lives.

 

Summary of amortization expense:

        
   For the Three Months Ended March 31, 
   2026   2025 
Amortization expense  $374,000   $126,000 

 

 

As of March 31, 2026, intangible assets subject to amortization have an average remaining useful life of 6.6 years. The following table presents estimated amortization expense for each of the succeeding five calendar years and thereafter.

     
2026 (remainder)   $1,099,000 
2027    1,465,000 
2028    1,465,000 
2029    1,465,000 
2030    1,448,000 
Thereafter    6,475,000 
    $13,417,000