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INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS INTANGIBLE ASSETS, NET
The changes in the carrying amount of intangible assets, net for the six months ended June 30, 2025 were as follows:
Net balance at December 31, 2024$2,374 
Addition: Capitalized software costs213 
Deduction: Amortization expense(230)
Net balance at June 30, 2025$2,357 
The following tables set forth the components of intangible assets as of June 30, 2025 and December 31, 2024:
As of June 30, 2025
Estimated
Useful
Life
Adjusted
Carrying
Amount
Accumulated
Amortization
Net
Patents and copyrights
2-17 years
$375 $(338)$37 
Developed technology5 years400 (400)— 
Software development5 years$2,667 $(347)$2,320 
$3,442 $(1,085)$2,357 
The Company has capitalized $2,667 in software development costs as of June 30, 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
June 30,
For the Six Months Ended June 30,
2025202420252024
Cost of revenues$121 $23 $225 $47 
Selling, general and administrative$$
$123 $25 $230 $52 
The Company's estimated future amortization expense for intangible assets as of June 30, 2025 was as follows:
2025$281 
2026549 
2027539 
2028533 
2029390 
203065 
$2,357