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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
Goodwill and Intangible Assets | 12. Goodwill and Intangible Assets As of June 30, 2026, and December 31, 2025, the Company had a goodwill balance of $12.2 million. The goodwill balance is related to the acquisition of Tigo Energy AI Ltd (f/k/a Foresight Energy, Ltd. (“fSight”)). The Company’s intangible assets by major asset class are as follows:
|  | June 30, 2026 |
(in thousands, except for useful life amounts) |  | Weighted Average Useful Life (Years) |  | Gross |  |  | Accumulated Amortization |  |  | Net Book Value |
Amortizing: |  |  |  |  |  |  |  |  |  |  |
Patents |  | 6.7 |  | $ | 450 |  |  | $ | (244 | ) |  | $ | 206 |
Customer relationships |  | 10.0 |  |  | 170 |  |  |  | (58 | ) |  |  | 112 |
Developed technology |  | 10.0 |  |  | 1,820 |  |  |  | (622 | ) |  |  | 1,198 |
Total intangible assets |  |  |  | $ | 2,440 |  |  | $ | (924 | ) |  | $ | 1,516 |
|  | December 31, 2025 |
(in thousands, except for useful life amounts) |  | Weighted Average Useful Life (Years) |  | Gross |  |  | Accumulated Amortization |  |  | Net Book Value |
Amortizing: |  |  |  |  |  |  |  |  |  |  |
Patents |  | 6.7 |  | $ | 450 |  |  | $ | (208 | ) |  | $ | 242 |
Customer relationships |  | 10.0 |  |  | 170 |  |  |  | (50 | ) |  |  | 120 |
Developed technology |  | 10.0 |  |  | 1,820 |  |  |  | (530 | ) |  |  | 1,290 |
Total intangible assets |  |  |  | $ | 2,440 |  |  | $ | (788 | ) |  | $ | 1,652 |
The Company recognized amortization expense related to intangible assets of $0.1 million and $0.1 million for the three and six months ended June 30, 2026, respectively. The Company recognized amortization expense related to intangible assets of $0.1 million and $0.1 million for the three and six months ended June 30, 2025, respectively. Amortization expense related to intangible assets at June 30, 2026, in each of the next five years and beyond is expected to be incurred as follows:
(in thousands) |  | Amount |
Remainder of 2026 |  | $ | 135 |
2027 |  |  | 262 |
2028 |  |  | 260 |
2029 |  |  | 227 |
2030 |  |  | 202 |
Thereafter |  |  | 430 |
|  | $ | 1,516 |

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- Definition The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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