Goodwill and Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, Net

8. Goodwill and Intangible Assets, Net

Goodwill

There were no goodwill impairments recognized during the three and nine months ended September 30, 2025 and 2024. The carrying value of goodwill, all of which is assigned to the Company’s BioBanking reporting unit, was $7,347 at both September 30, 2025 and December 31, 2024.

Intangible Assets, Net

Intangible assets, net consisted of the following:

	September 30, 2025			December 31, 2024			Estimated Useful Lives
Amortizable intangible assets:
Developed technology	$	16,810		$	16,810		11 – 16 years
Customer relationships		2,413			2,413		10 years
Trade names & trademarks		570			570		10 – 13 years
Reacquired rights		4,200			4,200		6 years
		23,993			23,993
Less accumulated amortization:
Developed technology		(9,773	)		(8,895	)
Customer relationships		(2,162	)		(1,965	)
Trade names & trademarks		(426	)		(385	)
Reacquired rights		(4,200	)		(4,200	)
		(16,561	)		(15,445	)
Amortizable intangible assets, net		7,432			8,548
Non-amortized intangible assets
Acquired IPR&D product rights		700			700		indefinite
	$	8,132		$	9,248

For the three months ending September 30, 2025 and 2024, amortization expense for intangible assets was $376 and $375, respectively. For the nine months ended September 30, 2025 and 2024, amortization expense for intangible assets was $1,116 and $1,377, respectively.

No impairment charges were recorded on intangible assets for the three and nine months ending September 30, 2025 and 2024.