Intangible assets relate to acquisitions completed by the Company, including those described in Note 3, and were as follows (in thousands):


	June 30, 2026						December 31, 2025
	Gross Value		Accumulated Amortization		Net Value		Gross Value		Accumulated Amortization		Net Value
Proprietary technology	$	20,216	$	(4,755)	$	15,461	$	7,987	$	(3,879)	$	4,108
Backlog	276		(253)		23		276		(184)		92
Customer relationships	900		(243)		657		900		(178)		722
Non-compete agreements	819		(75)		744		65		(65)		—
Total finite-lived assets	22,211		(5,326)		16,885		9,228		(4,306)		4,922
Brand name	5,153		—		5,153		1,997		—		1,997
Total indefinite-lived assets	5,153		—		5,153		1,997		—		1,997
Total intangible assets, net	$	27,364	$	(5,326)	$	22,038	$	11,225	$	(4,306)	$	6,919

Proprietary technology is being amortized over six to seven years. Backlog is being amortized over two years. Customer relationships are being amortized over seven years. Non-compete agreements are being amortized over three to six years. Brand name is not amortized but reviewed for impairment on a quarterly basis and formally evaluated at year end. Amortization expense totaled $1.0 million and $0.8 million for the six months ended June 30, 2026 and 2025, respectively.

As of June 30, 2026, expected amortization expense for finite-lived intangible assets for the next five years is as follows (in thousands):