Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Net

v3.25.3
Intangible Assets, Net
 9 Months Ended
Sep. 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:
September 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 $ 7,120  $ (1,327) $ 5,793  $ 6,090  $ (1,073) $ 5,017 
Unamortized intangible assets:
Trademarks 640  —  640  562  —  562 
Total intangible assets $ 7,760  $ (1,327) $ 6,433  $ 6,652  $ (1,073) $ 5,579 
Amortization expense is as follows for the periods presented:
Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2025 2024 2025 2024
Amortization expense $ 88  $ 65  $ 221  $ 202 
As of September 30, 2025, future amortization of patents is as follows:
(in thousands)
2025 (excluding the nine months ended September 30, 2025) $ 88 
2026 360 
2027 360 
2028 360 
2029 360 
Thereafter 4,265 
Total $ 5,793