| Intangible Assets, Net Intangible assets, net consist of the following as of the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2026 | | December 31, 2025 | | (in thousands) | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Amortizable intangible assets: | | | | | | | | | | | | | Patents | $ | 8,918 | | | $ | (1,747) | | | $ | 7,171 | | | $ | 7,498 | | | $ | (1,418) | | | $ | 6,080 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Unamortized intangible assets: | | | | | | | | | | | | | Trademarks | 739 | | | — | | | 739 | | | 670 | | | — | | | 670 | | | Total intangible assets | $ | 9,657 | | | $ | (1,747) | | | $ | 7,910 | | | $ | 8,168 | | | $ | (1,418) | | | $ | 6,750 | |
Amortization expense is as follows for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Nine Months Ended | | (in thousands) | September 30, 2026 | | September 30, 2025 | | September 30, 2026 | | September 30, 2025 | | Amortization expense | $ | 117 | | | $ | 88 | | | $ | 329 | | | $ | 221 | |
As of September 30, 2026, future amortization of patents is as follows: | | | | | | | (in thousands) | | | 2026 (excluding the nine months ended September 30, 2026) | $ | 121 | | | 2027 | 483 | | | 2028 | 483 | | | 2029 | 483 | | | 2030 | 483 | | | Thereafter | 5,118 | | | Total | $ | 7,171 | |
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