Intangible Assets

3 Months Ended

Mar. 31, 2025

Intangible Assets, Net [Abstract]

Intangible Assets

Note 8 – Intangible Assets, Net

Intangible assets, net at March 31, 2025 and December 31, 2024 are summarized as follows:

	March 31, 2025
	Estimated	Gross					Accumulated		Net
	Useful Life	Carrying		Accumulated			Impairment		Carrying
	in Years	Amount		Amortization			Amount		Amount
Tradenames	7		6,100		(215	)		—		5,885
Customer Relationships	10		2,800		(69	)		—		2,731
		$	8,900	$	(284	)	$	—	$	8,616

	December 31, 2024
	Estimated	Gross				Accumulated		Net
	Useful Life	Carrying		Accumulated		Impairment		Carrying
	in Years	Amount		Amortization		Amount		Amount
Tradenames	7		6,100		—		—		6,100
Customer Relationships	10		2,800		—		—		2,800
		$	8,900	$	—	$	—	$	8,900

The Company recorded amortization expense of $284 thousand and $0, respectively, in general and administrative expense in the condensed consolidated statements of operations for the three months ended March 31, 2025 and the three months ended March 31, 2024.