NOTE 6 – INTANGIBLE ASSETS, NET

The following table shows the components of intangible assets, net (in thousands):


	Weighted-average remaining amortization period (in years)		June 30, 2026			December 31, 2025
Trade name		13.5	$	2,038		$	2,050
Developed technology		13.8		18,465			18,609
Customer relationships		18.9		24,073			24,180
Patents		11.3		12			12
Total intangible assets				44,589			44,850
Less: accumulated amortization				(6,446	)		(5,176	)
Intangible assets, net			$	38,143		$	39,674

Total amortization expense for the three months ended June 30, 2026 and 2025 was approximately $0.7 million and $0.6 million, respectively. Total amortization expense for the six months ended June 30, 2026 and 2025 was approximately $1.4 million and $1.3 million, respectively. Estimated future amortization expense for the next five years is as follows:


2026	$	2,504
2027		2,504
2028		2,504
2029		2,504
2030		2,504
Thereafter		25,623
Total	$	38,143