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Intangible Assets and Deferred Consideration
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets And Deferred Consideration Intangible Assets and Deferred Consideration
Intangible Assets
Our customer relationship intangible asset relates to customer relationships acquired in connection with an acquisition (the "Evoqua Asset Acquisition") executed on July 10, 2023 with Evoqua Water Technologies LLC ("Evoqua").
The details of our intangible assets subject to amortization are set forth below (in thousands):
December 31, 2025
Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer Relationships20 years$11,035 $(1,379)$9,656 
December 31, 2024
Useful LifeGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Customer Relationships20 years$11,035 $(828)$10,207 
During the year ended December 31, 2025, the Company recorded amortization of its customer relationship intangible asset of $0.6 million, resulting in a net intangible asset of $9.7 million as of December 31, 2025. During the year ended December 31, 2024, the Company recorded amortization of its customer relationship intangible asset of $0.6 million.
Estimated future amortization expense on the Company's customer relationships intangible asset as of December 31, 2025 is as follows (table in thousands):
Year ending December 31:
2026$552 
2027552 
2028552 
2029552 
2030552 
Thereafter6,896 
Total$9,656 
Deferred Consideration
A portion of the purchase price of the Evoqua Asset Acquisition was deferred on the acquisition date, with payment terms extending through April 2026. The Company made payments totaling $2.4 million and $1.3 million for during the years ended December 31, 2025 and 2024, respectively. As of December 31, 2025, a deferred consideration liability of $1.0 million is presented in Deferred Consideration - Current on the accompanying consolidated balance sheets.