Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets, Net (Tables)

v3.25.4
Intangible Assets, Net (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets
Intangible assets consist of the following as of the periods presented:
December 31, 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 $ 7,498  $ (1,418) $ 6,080  $ 6,090  $ (1,073) $ 5,017 
Unamortized intangible assets:
Trademarks 670  —  670  562  —  562 
Total intangible assets $ 8,168  $ (1,418) $ 6,750  $ 6,652  $ (1,073) $ 5,579 
Schedule of indefinite-lived intangible assets
Intangible assets consist of the following as of the periods presented:
December 31, 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 $ 7,498  $ (1,418) $ 6,080  $ 6,090  $ (1,073) $ 5,017 
Unamortized intangible assets:
Trademarks 670  —  670  562  —  562 
Total intangible assets $ 8,168  $ (1,418) $ 6,750  $ 6,652  $ (1,073) $ 5,579 
Schedule of amortization expense
The amortization expense is as follows for the periods presented:
Years Ended December 31,
(in thousands) 2025 2024 2023
Amortization expense $ 315  $ 267  $ 273 
Schedule of future amortization
As of December 31, 2025, future amortization of patents is as follows:
Years Ending December 31, (in thousands)
2026 $ 388 
2027 388 
2028 388 
2029 388 
2030 388 
Thereafter 4,140 
Total $ 6,080