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Intangible Assets, net
 6 Months Ended
Jun. 30, 2025
Intangible Assets, net [Abstract]  
Intangible Assets, net
Note 6
Intangible Assets, net:

Intangible assets consist of the following (in thousands):

June 30, 2025
  
Gross Carrying
Value
    
Accumulated Amortization
    
Net Book Value
  
Core technology
  
$
5,700
    
$
(5,700
)
  
$
—
  
Product technology
    
4,808
      
(4,043
)
    
765
  
Customer relationships
    
6,900
      
(6,900
)
    
—
  
Tradenames
    
1,500
      
(1,500
)
    
—
  
Pharos customer lists
    
5,314
      
(1,716
)
    
3,598
  
   
$
24,222
    
$
(19,859
)
  
$
4,363
  

December 31, 2024
  
Gross Carrying
Value
    
Accumulated Amortization
    
Net Book Value
  
Core technology
  
$
5,700
    
$
(5,415
)
  
$
285
  
Product technology
    
4,808
      
(3,984
)
    
824
  
Customer relationships
    
6,900
      
(6,555
)
    
345
  
Tradenames
    
1,500
      
(1,425
)
    
75
  
Pharos customer lists
    
5,314
      
(1,495
)
    
3,819
  
   
$
24,222
    
$
(18,874
)
  
$
5,348
  

The Company recorded amortization expense of $0.6 million and $0.5 million during the three months ended June 30, 2025 and 2024, respectively. The Company recorded amortization expense of $1.0 million during each of the six months ended June 30, 2025 and 2024.

Finite-lived intangible assets are tested for impairment when events or changes in circumstances indicate that the carrying value of the asset group may not be recoverable. The Company recognizes an impairment loss when and to the extent that the recoverable amount of an asset group is less than its carrying value. There were no impairment charges for the three and six months ended June 30, 2025 or 2024.

The following table summarizes the estimated future amortization expense for the above intangible assets for the next five years (in thousands):

Remaining 2025
  
$
281
  
2026
  
$
561
  
2027
  
$
561
  
2028
  
$
561
  
2029
  
$
561