Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Note 6 — Intangible Assets, Net

Definite lived intangible assets are comprised of the following (in millions):

	Estimated Useful Life (years)	September 30, 2025		December 31, 2024
Customer relationships	10-18	$	11.4	$	11.4
Less: accumulated amortization		(6.4)		(5.8)
Intangible assets, net		$	5.0	$	5.6

Amortization expense was $0.2 million and $0.2 million for the three months ended September 30, 2025 and 2024, respectively and $0.6 million and $0.6 million for the nine months ended September 30, 2025 and 2024. Amortization expense for the future periods is expected to be as follows (in millions):

For the twelve months ending September 30,	Amount
2026	$	0.7
2027	0.7
2028	0.5
2029	0.5
2030	0.5
Thereafter	2.1
Total	$	5.0