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Goodwill and Intangible Assets

6 Months Ended

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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- References

No definition available.

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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

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