v3.26.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Carrying Amount of Goodwill

Changes in the carrying amount of the Company's goodwill are set forth below:

 

 

Orbit Change of Control

 

 

Lyocon
Acquisition

 

 

Total

 

Balance as of December 31, 2025

 

$

—

 

 

$

—

 

 

$

—

 

Acquisitions

 

 

17,487,693

 

 

 

1,775,158

 

 

 

19,262,851

 

Balance as of June 30, 2026

 

$

17,487,693

 

 

$

1,775,158

 

 

$

19,262,851

 

 
Summary of Intangible Assets Subject to Amortization

The details of the Company's intangible assets subject to amortization are set forth below:

 

 

 

 

June 30,
2026

 

 

 

Weighted-average amortization period

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Developed technology

 

5.4 years

 

$

2,441,040

 

 

$

(211,775

)

 

$

2,229,265

 

Customer relationships

 

7.3 years

 

 

406,840

 

 

 

(25,972

)

 

 

380,868

 

Trade names / trademarks

 

5 years

 

 

62,770

 

 

 

(5,754

)

 

 

57,016

 

Total

 

 

 

$

2,910,650

 

 

$

(243,501

)

 

$

2,667,149

 
Summary of Amortization Expense Based on the Company's amortizable intangible asset balances at June 30, 2026, the Company expects that amortization expense will be as follows for the next five years and thereafter:

 

 

Amount

 

Remainder of 2026

 

 

265,637

 

2027

 

 

531,275

 

2028

 

 

531,275

 

2029

 

 

531,275

 

2030

 

 

531,275

 

Thereafter

 

 

276,412

 

Total

 

$

2,667,149