Intangible Assets

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 5. Intangible Assets

Intangible assets, net consisted of the following as of March 31, 2025:

(in thousands)	Gross Value		Accumulated Amortization		Net Value		Weighted Average Remaining Amortization Period (In Years)
Patents/Intellectual Property	$	463	$	(223)	$	240	5.0
Total	$	463	$	(223)	$	240

Intangible assets, net consisted of the following as of December 31, 2024:

(in thousands)	Gross Value		Accumulated Amortization		Net Value		Weighted Average Remaining Amortization Period (In Years)
Patents/Intellectual Property	$	463	$	(210)	$	253	5.3
Total	$	463	$	(210)	$	253

Amortization expense related to intangible assets was $0.01 million and $0.01 million for the three months ended March 31, 2025 and 2024, respectively.

As of March 31, 2025, the future estimated amortization expense related to intangible assets is as follows:

(in thousands)
Remainder of 2025	$	39
2026	52
2027	52
2028	44
2029	28
Thereafter	25
Total	$	240