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

Note 4 - Intangible Assets, Net

 

Intangible assets as of March 31, 2026 and December 31, 2025 consisted of the following (in thousands):

 

  

March 31,

2026

  

December 31,

2025

  

Estimated Useful Life

(in years)

 
Trade names  $5,550   $5,550    15 
Proprietary intellectual property   11,064    11,064    5 
Customer relationships   1,180    1,180    1 
CLIA license   -    -    3 
Total intangible assets, gross   17,794    17,794      
Less: accumulated amortization   (11,272)   (10,627)     
Total intangible assets, net  $6,522   $7,167      

 

 

ProPhase Labs, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

(unaudited)

 

Amortization expense for acquired intangible assets was $0.6 million and $0.6 million during the three months ended March 31, 2026 and 2025, respectively. The estimated future amortization expense of acquired intangible assets as of March 31, 2026 is as follows (in thousands):

 

      
Remaining periods in 2026  $1,605 
Year ended December 31, 2027   1,731 
Year ended December 31, 2028   370 
Year ended December 31, 2029   370 
Year ended December 31, 2030   370 
Thereafter   2,076 
Total intangible assets, net  $6,522