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INTANGIBLE ASSETS, NET
9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
The changes in the carrying amount of intangible assets, net for the nine months ended September 30, 2025 were as follows:
Net balance at December 31, 2024$2,374 
Addition: Capitalized software costs213 
Deduction: Amortization expense(369)
Net balance at September 30, 2025$2,218 
The following tables set forth the components of intangible assets as of September 30, 2025 and December 31, 2024:
As of September 30, 2025
Estimated
Useful
Life
Adjusted
Carrying
Amount
Accumulated
Amortization
Net
Patents and copyrights
2-17 years
$375 $(344)$31 
Developed technology5 years400 (400)— 
Software development5 years$2,667 $(480)$2,187 
$3,442 $(1,224)$2,218 
The Company has capitalized $210 in software development costs for the nine months ended September 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 Company has capitalized $2,048 in software development costs for the year ended December 31, 2024.
The following summarizes amortization of intangible assets included in the accompanying condensed statements of operations:
Three Months Ended
September 30,
For the Nine Months Ended September 30,
2025202420252024
Cost of revenues$137 $24 $362 $71 
Selling, general and administrative
Research and development— 57 — 57 
140 84 369 136 
The Company's estimated future amortization expense for intangible assets as of September 30, 2025 was as follows:
2025$140 
2026549 
2027539 
2028534 
2029390 
203066 
$2,218