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Intangible Assets, Net | 9 Months Ended
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Sep. 30, 2025
Intangible Assets, Net [Abstract] |
Intangible Assets, Net | Note 8 — Intangible Assets, Net Intangible assets, net at September 30, 2025 and December 31, 2024 are summarized as follows:
|  | September 30, 2025
|  | Estimated |  | Gross |  |  |  |  |  | Accumulated |  |  | Net |
|  | Useful Life |  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Carrying |
|  | in Years |  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |
Tradenames |  | 2 - 7 |  | $ | 60,900 |  |  | $ | (2,254 | ) |  | $ | — |  |  | $ | 58,646 |
Customer relationships |  | 7 - 10 |  |  | 3,075 |  |  |  | (224 | ) |  |  | — |  |  |  | 2,851 |
|  |  |  | $ | 63,975 |  |  | $ | (2,478 | ) |  | $ | — |  |  | $ | 61,497 |
|  | December 31, 2024
|  | Estimated |  | Gross |  |  |  |  |  | Accumulated |  |  | Net |
|  | Useful Life |  | Carrying |  |  | Accumulated |  |  | Impairment |  |  | Carrying |
|  | in Years |  | Amount |  |  | Amortization |  |  | Amount |  |  | Amount |
Tradenames |  | 7 |  |  | 6,100 |  |  |  | — |  |  |  | — |  |  |  | 6,100 |
Customer relationships |  | 10 |  |  | 2,800 |  |  |  | — |  |  |  | — |  |  |  | 2,800 |
|  |  |  | $ | 8,900 |  |  | $ | — |  |  | $ | — |  |  | $ | 8,900 |
The Company recorded amortization expense of $1.8 million and $0, respectively, in general and administrative expense in the condensed consolidated statements of operations for the three months ended September 30, 2025 and 2024, respectively. The Company recorded amortization expense of $2.5 million and $0, respectively, in general and administrative expense in the condensed consolidated statements of operations for the nine months ended September 30, 2025 and 2024, respectively. Future amortization expense of the Company’s intangible assets is as follows:
Remainder of 2025 |  | $ | 3,835 |
2026 |  |  | 15,214 |
2027 |  |  | 15,214 |
2028 |  |  | 13,600 |
2029 |  |  | 10,035 |
Thereafter |  |  | 3,599 |
|  | $ | 61,497 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
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