Note 8 — Goodwill and Intangible Assets

The changes in the carrying value of goodwill were as follows:

in thousands	Total
Balance as of December 31, 2025	$	—
Acquisitions		63,245
Measurement period adjustment		—
Foreign currency translation		(3,184	)
Balance as of March 31, 2026	$	60,061
Acquisitions		—
Measurement period adjustment		250
Foreign currency translation		(1,401	)
Balance as of June 30, 2026	$	58,909

There was no accumulated goodwill impairment as of June 30, 2026.

Identifiable intangible assets as of June 30, 2026 consisted of the following:

in thousands	Weighted Average Amortization Period	June 30, 2026
Cost:
Developed technology	15 years	$	5,810
Customer relationships	13 years		739
Software	5 years		23
Total intangible assets			6,572
Accumulated amortization:
Developed technology			(187	)
Customer relationships			(30	)
Software			(8	)
Total accumulated amortization			(225	)
Total intangible assets, net		$	6,347

Total amortization for the three and six months ended June 30, 2026, was $0.1 million and $0.2 million, respectively. The estimated future amortization expense for the remainder of the current fiscal year is $0.4 million. Over the next five years, the Company expects to recognize annual amortization of $0.5 million in each year.

There were no identifiable intangible assets as of December 31, 2025, prior to the Business Combination.