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Intangible Assets, Net
3 Months Ended
Mar. 31, 2025
Intangible Assets And Goodwill Disclosure [Abstract]  
Intangible Assets, Net
(5)
Intangible Assets, Net

Intangible Assets Other Than Goodwill

Intangible assets, net consisted of the following (in thousands):

 

 

 

As of March 31, 2025

 

 

 

As of December 31, 2024

 

 

 

 

Gross Carrying
Amount

 

 

 

Accumulated Amortization

 

 

 

Net Carrying
Amount

 

 

 

Gross Carrying
Amount

 

 

 

Accumulated Amortization

 

 

 

Net Carrying
Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

 

9,250

 

 

$

 

(5,890

)

 

$

 

3,360

 

 

$

 

9,250

 

 

$

 

(5,708

)

 

$

 

3,542

 

Customer related

 

 

 

1,631

 

 

 

 

(981

)

 

 

 

650

 

 

 

 

1,631

 

 

 

 

(880

)

 

 

 

751

 

Trade name

 

 

 

90

 

 

 

 

(41

)

 

 

 

49

 

 

 

 

90

 

 

 

 

(19

)

 

 

 

71

 

Intangible assets, net

 

$

 

10,971

 

 

$

 

(6,912

)

 

$

 

4,059

 

 

$

 

10,971

 

 

$

 

(6,607

)

 

$

 

4,364

 

 

Amortization expense of intangible assets was $0.3 million for each of the three months ended March 31, 2025 and 2024.

As of March 31, 2025, future amortization expense is expected to be as follows (in thousands):

 

 

Amount

 

Remainder of 2025

 

$

840

 

2026

 

 

972

 

2027

 

 

923

 

2028

 

 

741

 

2029

 

 

583

 

Total

 

$

4,059