Goodwill and Intangible Assets, Net

3 Months Ended

Mar. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

Goodwill and Intangible Assets, Net

8. Goodwill and Intangible Assets, Net

Goodwill

There were no goodwill impairments recognized during the three months ending March 31, 2026 and 2025. The carrying value of goodwill, all of which is assigned to the Company’s BioBanking reporting unit, was $7,347 at both March 31, 2026 and December 31, 2025.

Reconciliations of the change in the carrying value of goodwill by segment for the three months ended March 31, 2026 and year ended December 31, 2025 are as follows:

Schedule of Carrying Value of Goodwill

		Balance at December 31, 2025				Goodwill Recognized				Goodwill Impairment				Balance at March 31, 2026

BioBanking		$	7,347			$	—			$	—			$	7,347
Total		$	7,347			$	—			$	—			$	7,347

		Balance at December 31, 2024				Goodwill Recognized				Goodwill Impairment				Balance at December 31, 2025

BioBanking		$	7,347			$	—			$	—			$	7,347
Total		$	7,347			$	—			$	—			$	7,347

Intangible Assets, net

Intangible assets, net consisted of the following:

Schedule of Intangible Assets, Net

		March 31, 2026				December 31, 2025				Estimated Useful Lives
Amortizable intangible assets:
Developed technology		$	16,810				16,810			11 – 16 years
Customer relationships			2,413				2,413			10 years
Trade names & trademarks			570				570			10 – 13 years
Reacquired rights			4,200				4,200			6 years
			23,993				23,993
Less accumulated amortization:
Developed technology			(10,357	)			(10,068	)
Customer relationships			(2,295	)			(2,229	)
Trade names & trademarks			(453	)			(440	)
Reacquired rights			(4,200	)			(4,200	)
			(17,305	)			(16,937	)
Amortizable intangible assets, net			6,688				7,056

Non-amortized intangible assets
Acquired IPR&D product rights			700				700			indefinite
		$	7,388				7,756

Amortization expense for intangible assets was $368 for the three months ended March 31, 2026 and 2025.

No impairment charges were recorded on intangible assets for the three months ended March 31, 2026 and 2025.

Aggregate amortization expense for each of the five succeeding years and thereafter related to intangible assets held as of March 31, 2026 is estimated as follows:


2026		$	988
2027			1,258
2028			1,208
2029			1,155
2030			1,155
Thereafter			924
Amortization expense		$	6,688