Intangible Assets

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

8. Intangible Assets

Intangible Assets consist of the following (in thousands):

	December 31, 2024			December 31, 2023
Goodwill		3,764
Developed technology		6,250			-
In process research and development		770
Customer relationships		310			-
Trademark		410			-
Total intangibles		11,504			-
Less: Accumulated amortization		(382	)		-
Net intangibles	$	11,122			-

We recognized amortization expense of $0.4 million in 2024. We expect to recognize annual amortization expense of $0.9 million in 2025, $0.9 million in 2026, $0.9 million in 2027, $0.9 million in 2028, and $0.9 million in 2029 related to our intangible assets balance as of December 31, 2024.