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Intangible Assets and Goodwill (Tables) | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2024 | Dec. 31, 2023
Intangible Assets and Goodwill [Abstract] |  |
Schedule of Amounts Related to Intangible Assets |  | As a result of the merger with QPhoton, the Company has the following amounts related to intangible assets (in thousands):
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Non-compete agreement with founder |  | $ | 3,251 |  |  | $ | (1,716 | ) |  | $ | 1,535 |  |  | $ | 3,251 |  |  | $ | (632 | ) |  | $ | 2,619 |
Website domain name and trademark |  |  | 1,009 |  |  |  | (320 | ) |  |  | 689 |  |  |  | 1,009 |  |  |  | (118 | ) |  |  | 891 |
Technology and licensed patents |  |  | 12,731 |  |  |  | (2,880 | ) |  |  | 9,851 |  |  |  | 12,731 |  |  |  | (1,061 | ) |  |  | 11,670 |
Total |  | $ | 16,991 |  |  | $ | (4,915 | ) |  | $ | 12,076 |  |  | $ | 16,991 |  |  | $ | (1,811 | ) |  | $ | 15,180 |
Schedule of Future Amortization Expense | The amortization expense of the Company’s intangible assets for the three and nine months ended September 30, 2024 and 2023 was approximately $780 thousand and $2.3 million, respectively. The Company expects future amortization expense to be the following (in thousands):
|  | Amortization |
2024 (remaining three months) |  | $ | 776 |
2025 |  |  | 2,472 |
2026 |  |  | 2,021 |
2027 |  |  | 1,903 |
2028 |  |  | 1,819 |
Thereafter |  |  | 757 |
Total |  | $ | 9,748 |
| The Company expects future amortization expense to be the following (in thousands):
|  | Amortization |
2024 |  | $ | 3,104 |
2025 |  |  | 2,472 |
2026 |  |  | 2,021 |
2027 |  |  | 1,903 |
2028 |  |  | 1,819 |
Thereafter |  |  | 757 |
Total |  | $ | 12,076 |
Schedule of Changes in Goodwill |  | The following table provides a summary of the changes in goodwill for the years ended December 31, 2023 and 2022 (in thousands):
|  | December 31, |
|  | 2023 |  |  | 2022 |
Goodwill, at beginning of year |  | $ | 55,573 |  |  | $ | - |
Goodwill additions |  |  | - |  |  |  | 55,573 |
Goodwill, at end of year |  | $ | 55,573 |  |  | $ | 55,573 |
Schedule of Amounts Related to Intangible Assets | As a result of the merger with QPhoton in June 2022 (the “QPhoton Merger”), the Company has the following amounts related to intangible assets (in thousands):
|  | September 30, 2024 |  |  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Non-compete agreement with founder |  | $ | 3,251 |  |  | $ | (2,528 | ) |  | $ | 723 |  |  | $ | 3,251 |  |  | $ | (1,715 | ) |  | $ | 1,536 |
Website domain name and trademark |  |  | 1,009 |  |  |  | (471 | ) |  |  | 538 |  |  |  | 1,009 |  |  |  | (320 | ) |  |  | 689 |
Technology and licensed patents |  |  | 12,731 |  |  |  | (4,244 | ) |  |  | 8,487 |  |  |  | 12,731 |  |  |  | (2,880 | ) |  |  | 9,851 |
Total |  | $ | 16,991 |  |  | $ | (7,243 | ) |  | $ | 9,748 |  |  | $ | 16,991 |  |  | $ | (4,915 | ) |  | $ | 12,076 |

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