v3.26.1
Intangible Asset (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Assets [Abstract]  
Schedule of Carrying Amount of Intangible Asset

The following table provides the Company’s carrying amount of the intangible asset for each of the periods indicated.

 

 

Gross carrying amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

 

Remaining weighted-average useful life

Balance at December 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangible asset

 

$

63,800

 

 

$

23,281

 

 

$

40,519

 

 

7-years

Balance at June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangible asset

 

$

63,800

 

 

$

26,442

 

 

$

37,358

 

 

6-years

 

Schedule of Finite Lived Intangible Assets Future Amortization Expenses

Based on the finite-lived intangible asset recorded as of June 30, 2026, and assuming the underlying asset will not be impaired and that the Company will not change the expected life of the asset, future amortization expense over the next five years and periods thereafter are estimated to be as follows:

 

 

Estimated amortization expense

 

2026

 

$

3,214

 

2027

 

 

6,375

 

2028

 

 

6,392

 

2029

 

 

6,375

 

2030

 

 

6,375

 

Thereafter

 

 

8,627

 

Total

 

$

37,358