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Intangible Assets, Net | 12 Months Ended
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Dec. 31, 2025
Intangible Assets, Net [Abstract] |
Intangible Assets, net | Note 6 – Intangible Assets, net As a result of the merger with QPhoton in June 2022, the Company has the following amounts related to intangible assets, net (in thousands):
|  | December 31, 2025 |  |  | December 31, 2024 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Non-compete agreement with founder |  | $ | 3,251 |  |  | $ | (3,251 | ) |  | $ | - |  |  | $ | 3,251 |  |  | $ | (2,800 | ) |  | $ | 451 |
Website domain name and trademark |  |  | 1,009 |  |  |  | (724 | ) |  |  | 285 |  |  |  | 1,009 |  |  |  | (521 | ) |  |  | 488 |
Technology and licensed patents |  |  | 12,731 |  |  |  | (6,516 | ) |  |  | 6,215 |  |  |  | 12,731 |  |  |  | (4,698 | ) |  |  | 8,033 |
Total |  | $ | 16,991 |  |  | $ | (8,019 | ) |  | $ | 6,500 |  |  | $ | 16,991 |  |  | $ | (8,019 | ) |  | $ | 8,972 |
The amortization expense of the Company’s intangible assets for the years ended December 31, 2025, 2024 and 2023 was approximately $2.5 million, $3.1 million and $3.1 million, respectively. The Company expects future amortization expense to be the following (in thousands):
|  | Amortization |
2026 |  | $ | 2,021 |
2027 |  |  | 1,903 |
2028 |  |  | 1,819 |
2029 |  |  | 757 |
Total |  | $ | 6,500 |

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