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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS
The changes in the carrying amount of intangible assets, net for the three months ended March 31, 2025 were as follows:
Net balance at December 31, 2024$2,374 
Addition: Capitalized software costs166 
Deduction: Amortization expense(106)
Net balance at March 31, 2025$2,434 
The following tables set forth the components of intangible assets as of March 31, 2025 and December 31, 2024:
As of March 31, 2025
Estimated
Useful
Life
Adjusted
Carrying
Amount
Accumulated
Amortization
Net
Patents and copyrights
2-17 years
$375 $(331)$44 
Developed technology5 years400 (400)— 
Software development5 years$2,620 $(230)$2,390 
$3,395 $(961)$2,434 
The Company has capitalized $2,620 in software development costs as of March 31, 2025.
As of December 31, 2024
Estimated
Useful
Life
Adjusted
Carrying
Amount
Accumulated
Amortization
Net
Patents and copyrights
2-17 years
$375 $(325)$50 
Developed technology5 years400 (387)13 
Software development5 years$2,455 $(144)2,311 
$3,230 $(856)$2,374 
The following summarizes amortization of intangible assets included in the accompanying statements of operations:
Three Months Ended
March 31,
20252024
Cost of revenues$103 $24 
Selling, general and administrative$$
$106 $27 
The Company's estimated future amortization expense for intangible assets as of March 31, 2025 was as follows:
2025$414 
2026540 
2027530 
2028524 
2029380 
203046 
$2,434