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

5. Intangible Assets

 

The following table summarizes information relating to the Company’s definite-lived intangible assets:

 

       June 30, 2026   December 31, 2025 
   Weighted
Average
Amortization Period		   Gross
Carrying		   Accumulated   Net
Carrying		   Gross
Carrying		   Accumulated   Net
Carrying		 
  (Years)   Amount   Amortization   Amount   Amount   Amortization   Amount 
Other Intangibles (amount in thousands)                            
Patents   5.9   $790   $(467)  $323   $760   $(456)  $304 
Software   3    784    (634)   150    676    (618)   58 
Permits   10    83    (4)   79    —    —    — 
Total       $1,657   $(1,105)  $552   $1,436   $(1,074)  $362 

 

The intangible assets noted above are amortized on a straight-line basis over their useful lives.

 

The permits disclosed above reflect the capitalization of costs associated with the renewal of certain regulatory permits. These costs represent fees paid to secure the Company’s right to operate for a defined ten-year period and are therefore amortized on a straight-line basis over that period.

 

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

 

   Amount 
Year  (In thousands) 
     
2026 (Remaining)  $   25 
2027   36 
2028   25 
2029   22 
2030   19 

 

Amortization expenses relating to the definite-lived intangible assets as discussed above were $15,000 and $31,000 for the three and six months ended June 30, 2026, respectively, and $13,000 and $28,000 for the three and six months ended June 30, 2025, respectively.