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v3.25.1

Intangibles | 3 Months Ended
--- | ---
Mar. 31, 2025
Intangibles |
Intangibles | 4. Intangibles As a result of the acquisition of VCN, the Company has an intangible asset, in-process research and development (“IPR&D”). The IPR&D is deemed to have indefinite lives and therefore not amortized. The following table provides the Company’s in-process R&D as of March 31, 2025. ​
​ | ​ | ​ | ​
​ |  | In-process
​ | ​ | R&D (in thousands)
Balance at December 31, 2024 | ​ | $ | 17,358
Effects of exchange rates | ​ | ​ | 726
Balance at March 31, 2025 | ​ | $ | 18,084
​ There were no impairment charges recorded during the three months ended March 31, 2025 and 2024.

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