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INTANGIBLE ASSETS
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

6. INTANGIBLE ASSETS

 

Intangible Assets, net

 

Intangible assets, net consisted of the following:

 

   March 31, 2025  

December 31, 2024

 
Amortizable intangible assets:          
Patents  $1,052   $1,013 
Trademarks   269    264 
Purchased software and technology   1,752    1,752 
Customer Relationships   215    160 
Amortizable intangible assets, gross  $3,287   $3,189 
Accumulated amortization   (1,370)   (1,256)
Total amortizable  $1,917   $1,933 
Indefinite life assets (non-amortizable)   421    421 
Total intangible assets, net  $2,338   $2,354 

 

Amortization expense was $115 and $107 for the three months ended March 31, 2025 and 2024, respectively.

 

As of March 31, 2025, future amortization expense is as follows:

 

      
2025 (9 months)  $355 
2026   386 
2027   236 
2028   221 
2029   186 
Thereafter   533 
Total estimated amortization expense  $1,917