The Company acquired intellectual property from RadTran LLC (“RadTran”) in 2024. Intellectual property is subject to amortization and is amortized on a straight-line basis over its remaining life, which is a weighted average life of 11.7 years.

The following table is a summary of intellectual property, net:


Balance as of December 31, 2025	$	4,367
Changes in estimated fair value of contingent consideration	44
Amortization of intellectual property	(182)
Balance as of June 30, 2026	$	4,229

Future amortization expense as of June 30, 2026 is as follows:


Remainder of the year ending December 31, 2026	$	182
Year ending December 31, 2027	364
Year ending December 31, 2028	364
Year ending December 31, 2029	364
Year ending December 31, 2030	364
Thereafter	2,591
Total	$	4,229