Intangible Assets, Net |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Intangible Assets, Net | 5. Intangible Assets, Net
The Company’s intangible assets consist of internally developed capitalized software.
During the year ended December 31, 2025, the Company performed impairment assessment and identified triggering events including recurring operating losses and negative cash flows indicating that the carrying amount of the intangible assets may not be recoverable. Accordingly, the Company recognized an impairment loss of $4.2 million related to the capitalized software.
As of June 30, 2026 and December 31, 2025, intangible assets consisted of the following:
The Company recognized amortization expenses on intangible assets of and $0.27 million during the six months ended June 30, 2026 and 2025, respectively.
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