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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Summary of Intangible Assets by Major Asset Class

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

 

Schedule of Amortization Expense Related to Intangible Assets

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