Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Net

v3.25.2
Intangible Assets, Net
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets, net consist of the following as of the periods presented:
June 30, 2025 December 31, 2024
(in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Amortizable intangible assets:
Patents $ 6,728  $ (1,239) $ 5,489  $ 6,090  $ (1,073) $ 5,017 
Unamortized intangible assets:
Trademarks 626  —  626  562  —  562 
Total intangible assets $ 7,354  $ (1,239) $ 6,115  $ 6,652  $ (1,073) $ 5,579 
Amortization expense is as follows for the periods presented:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2025 2024 2025 2024
Amortization expense $ 66  $ 76  $ 133  $ 138 
As of June 30, 2025, future amortization of patents is as follows:
Year Ending December 31, (in thousands)
2025 (excluding the six months ended June 30, 2025) $ 167 
2026 334 
2027 334 
2028 334 
2029 334 
Thereafter 3,986 
Total $ 5,489