v3.26.1
Note 7 - Intangible Assets, Net
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Intangible Asset [Text Block]

Note 7Intangible Assets, Net:

 

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

 

 

 

June 30, 2026

 

 

December 31, 2025

 

Acquired and in-licensed rights

 

$102,500

 

 

$102,500

 

Less: accumulated amortization

 

 

(65,978)

 

 

(61,108)

Total intangible assets, net

 

$36,522

 

 

$41,392

 

 

For the three months ended June 30, 2026 and 2025, the Company incurred amortization expense of $2.4 million in each period. For the six months ended June 30, 2026 and 2025, the Company incurred amortization expense of $4.9 million in each period. The estimated remaining useful life of the intangible assets as of  June 30, 2026 is 3.8 years.

 

As of  June 30, 2026, estimated future amortization expense related to the Company’s intangible assets is approximately $4.9 million for the remainder of 2026 and $9.7 million for each year starting 2027 through 2029, and $2.4 million for 2030.