v3.26.1
Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets

5. Intangible Assets

 

Goodwill

 

There was no impairment of goodwill or other changes in the carrying amount of goodwill from December 31, 2025 to June 30, 2026.

 

Acquired Intangible Assets

 

Acquired intangible assets, net consisted of the following:

 

 

 

June 30, 2026

 

(In thousands)

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

 

Weighted Average Remaining Useful Life
(In years)

 

Customer relationships

 

$

5,148

 

 

$

373

 

 

$

4,775

 

 

 

8.3

 

Developed technology

 

 

2,600

 

 

 

217

 

 

 

2,383

 

 

 

6.4

 

Tradename

 

 

1,500

 

 

 

88

 

 

 

1,412

 

 

 

9.4

 

Non-compete

 

 

1,300

 

 

 

151

 

 

 

1,149

 

 

 

4.4

 

Total

 

$

10,548

 

 

$

829

 

 

$

9,719

 

 

 

 

 

The Company recorded $0.4 million and $0.7 million of amortization expense during the three and six months ended June 30, 2026, respectively, which was recorded as intangible amortization expense in the consolidated statement of operations. The Company had no intangible amortization expense during the three and six months ended June 30, 2025.


As of June 30, 2026, future amortization expense related to acquired intangible assets was as follows:

 

(In thousands)

 

Amortization Expense

 

2026

 

$

710

 

2027

 

 

1,421

 

2028

 

 

1,421

 

2029

 

 

1,421

 

2030

 

 

1,379

 

2031 and thereafter

 

 

3,367

 

Total

 

$

9,719