Intangibles

9 Months Ended

Sep. 30, 2025

Intangibles

Intangibles

4. Intangibles

Intangible assets as of September 30, 2025 and December 31, 2024 consisted of following (in thousands):

	September 30, 2025						December 31, 2024
		Gross Amount		Accumulated Amortization		Net Carrying Value		Gross Amount		Accumulated Amortization		Net Carrying Value
Indefinite-Lived intangible assets	$	36,443		—		36,443		3,467		—		3,467
Acquired Software		7,582		3,129		4,453		6,907		2,492		4,415
Acquired Technology		637		168		469		566		102		464
Internal Use Software		3,533		2,514		1,019		3,120		1,877		1,243
Total	$	48,195	$	5,811	$	42,384	$	14,060	$	4,471	$	9,589

The weighted average remaining useful lives of acquired software and acquired technology were 9.1 years as of September 30, 2025.

Amortization expense on intangibles assets was $0.3 million for each of the three months ended September 30, 2025 and 2024. Amortization expense on intangibles assets was $1.1 million and $0.9 million for the nine months ended September 30, 2025 and 2024, respectively. Future amortization is expected as follows:

2025	$	313
2026		1,129
2027		743
2028		602
2029 and thereafter		3,154
	$	5,941