v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of Carrying Amount of Goodwill

Changes in the carrying amount of the Company's goodwill are set forth below:

 

 

Orbit Change of Control

 

 

Lyocon
Acquisition

 

 

Total

 

Balance as of December 31, 2025

 

$

—

 

 

$

—

 

 

$

—

 

Acquisitions

 

 

17,487,693

 

 

 

1,775,158

 

 

 

19,262,851

 

Balance as of March 31, 2026

 

$

17,487,693

 

 

$

1,775,158

 

 

$

19,262,851

 
Summary of Intangible Assets Subject to Amortization

The details of the Company's intangible assets subject to amortization are set forth below:

 

 

 

 

March 31,
2026

 

 

 

Weighted-average amortization period

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Developed technology

 

5.4 years

 

$

2,441,040

 

 

$

(96,261

)

 

$

2,344,779

 

Customer relationships

 

7.3 years

 

 

406,840

 

 

 

(11,806

)

 

 

395,034

 

Trade names / trademarks

 

5 years

 

 

62,770

 

 

 

(2,615

)

 

 

60,155

 

Total

 

 

 

$

2,910,650

 

 

$

(110,682

)

 

$

2,799,968

 
Summary of Amortization Expense Based on the Company's amortizable intangible asset balances at March 31, 2026, the Company expects that amortization expense will be as follows for the next five years and thereafter:

 

 

Amount

 

Remainder of 2026

 

$

398,457

 

2027

 

 

531,275

 

2028

 

 

531,275

 

2029

 

 

531,275

 

2030

 

 

531,275

 

Thereafter

 

 

276,411

 

Total

 

$

2,799,968