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Intangible Assets, net
 9 Months Ended
Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, net
Note 11 — Intangible Assets, net
The Company records amortization expense on a straight-line basis over the life of the identifiable intangible assets related to an acquisition in September 2020. For the three months ended September 30, 2025 and 2024, amortization expense of $0.5 million and for the nine months ended September 30, 2025 and 2024, amortization expense of $1.5 million was recognized. As of September 30, 2025 and December 31, 2024, intangible assets net of accumulated amortization was $8.3 million and $9.7 million, respectively.
As of September 30, 2025, intangible assets and the related accumulated amortization, weighted-average remaining life and future amortization expense are as follows (in thousands):
September 30, 2025
Weighted-AverageOriginalAccumulated Net
Remaining Life (Years)AmountAmortizationTotal
Customer Lists5.0$13,028 $(6,514)$6,514 
Trademarks and tradenames5.03,501 (1,750)1,751 
Non-compete agreements0.01,505 (1,505)— 
Total intangible assets, net$18,034 $(9,769)$8,265 
December 31, 2024
Weighted-AverageOriginalAccumulatedNet
Remaining Life (Years)AmountAmortizationTotal
Customer Lists5.8$13,028 $(5,537)$7,491 
Trademarks and tradenames5.83,501 (1,488)2,013 
Non-compete agreements0.81,505 (1,279)226 
Total intangible assets, net$18,034 $(8,304)$9,730 
Total
2025$412 
20261,653 
20271,653 
20281,653 
20291,653 
Thereafter1,241 
Total future amortization expense$8,265