Intangible assets, net as of March 31, 2026 consist of (in thousands):


	Gross Carrying Value		Accumulated Amortization		Net
Customer relationships	$	24,271	$	23,933	$	338
Tradenames and trademarks	3,395		3,395		—
Intellectual property	150		115		35
Capitalized internal use software	2,407		136		2,271
Total intangible assets, net	$	30,223	$	27,579	$	2,644

Intangible assets, net as of December 31, 2025 consist of (in thousands):


	Gross Carrying Value		Accumulated Amortization		Net
Customer relationships	$	24,271	$	23,860	$	411
Tradenames and trademarks	3,395		3,395		—
Intellectual property	150		108		42
Capitalized internal use software	2,211		121		2,090
Total intangible assets, net	$	30,027	$	27,484	$	2,543

Amortization expense for intangible assets for March 31, 2026 and 2025 was $0.1 million, and $0.2 million, respectively.

Scheduled remaining amortization expense is presented in the table below (in thousands):


Fiscal Year	Amortization Expense
Remainder of 2026	$	287
2027	138
Total	$	425

As of March 31, 2026, the Company capitalized internally developed software of $2.2 million for software that is not yet ready for its intended use. This software has a useful life of three years and is expected to commence amortization during the year ending December 31, 2027.