Intangible Assets, Net

6 Months Ended

Jun. 30, 2025

5. Intangible Assets, Net

Major components of intangible assets as of June 30, 2025, are as follows (in thousands):


	Useful Lives	Cost		Accumulated Amortization			Total
License agreements	20 years	$	2,043	$	(1,244	)	$	799
Patent costs			1,491		(193	)		1,298
Trademark costs			224		—			224
Total		$	3,758	$	(1,437	)	$	2,321

Major components of intangible assets as of December 31, 2024, are as follows (in thousands):


	Useful Lives	Cost		Accumulated Amortization			Total
License agreements	20 years	$	2,043	$	(1,132	)	$	911
Patent costs			1,273		—			1,273
Trademark costs			217		—			217
Total		$	3,533	$	(1,132	)	$	2,401

Amortization expense related to intangible assets amounted to approximately $0.1 million the three-month periods ended June 30, 2025 and 2024 and $0.3 million and $0.1 million for the six months ended June 30, 2025 and 2024, respectively.

Future amortization expense for intangible assets as of June 30, 2025 is as follows (in thousands):


Years Ending December 31,	Amount
2025 (remaining six months)	$	144
2026		166
2027		125
2028		125
2029		125
Thereafter		1,412
Total	$	2,097