The following table presents the details of intangible assets, net as recorded in the unaudited condensed consolidated balance sheets as of June 30, 2026 and December 31, 2025:


			As of
(Amounts in thousands)	Estimated Life (in Years)	Weighted Average Amortization (in Years)	June 30, 2026		December 31, 2025

Intangible assets:
Solar renewable energy agreements	1.5	1.5	$	340	$	340
Performance based incentives agreements	6.5 to 8.5	8.2	3,240		3,240
Trade name	26.5	26.5	8,400		8,400
Gross intangible assets		22.1	11,980		11,980
Less: Accumulated amortization			(4,711)		(4,150)

Intangible assets, net			$	7,269	$	7,830

Amortization of intangible assets for the three months ended June 30, 2026 was $0.3 million, of which $0.1 million and $0.2 million were recorded within revenue and selling, general and administrative expenses, respectively, for the period. Amortization of intangible assets for the six months ended June 30, 2026 was $0.6 million, of which $0.2 million and $0.4 million were recorded within revenue and selling, general and administrative expenses, respectively, for the period.

Amortization of intangible assets for the three months ended June 30, 2025 was $0.3 million, of which $0.1 million and $0.2 million were recorded within revenue and selling, general and administrative expenses, respectively, for the period.

Amortization of intangible assets for the six months ended June 30, 2025 was $0.6 million, of which $0.2 million and $0.4 million were recorded within revenue and selling, general and administrative expenses, respectively, for the period.

As of June 30, 2026, expected amortization of intangible assets for each of the five succeeding fiscal years and thereafter is as follows:


	As of
(Amounts in thousands)	June 30, 2026
Remainder of 2026	$	561
2027	978
2028	878
2029	805
2030	737
Thereafter	3,310
Total	$	7,269