ClearPoint Neuro, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

On November 20, 2025, the Company acquired all outstanding equity interests of IRRAS. A goodwill balance of $7.5 million was recognized for the excess of the consideration transferred over the net assets acquired and represents the expected synergies, value of the assembled workforce, and the collective experience of the management team with regards to its operations, customers, and industry.

A summary of the activity impacting goodwill is presented below (in thousands):


Balance as of December 31, 2024	$	—
Goodwill acquired		7,472
Balance as of December 31, 2025	$	7,472

Intangible Assets

The acquired intangible assets are amortized using the straight-line method over their estimated useful lives of one to ten years. The following table shows the cost, accumulated amortization, and weighted average remaining life for the acquired intangible assets as of December 31, 2025 (in thousands):


	Weighted average remaining life (in years)	Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Developed Technology	10	$	11,890	$	(99	)	$	11,791
Customer Relationships	6		1,650		(23	)		1,627
Trademark/Trade Name	1		550		(46	)		504
Total intangible assets	9.1	$	14,090	$	(168	)	$	13,922

The table below sets forth amortization expense (in thousands):


		Year Ended December 31,
Intangible asset	Location	2025		2024
Developed Technology	Cost of revenue	$	99	$	-
Customer Relationships	Sales and marketing expenses		23		-
Trademark/Trade Name	Sales and marketing expenses		46		-
Total amortization expense		$	168	$	-

The estimated future annual amortization of finite-lived intangible assets is shown in the following table. Actual amortization expense to be reported in future periods could differ from these estimates as a result of acquisitions, divestitures, and asset impairments, among other factors.


Year:	Amortization (in thousands)
2026	$	1,968
2027		1,464
2028		1,464
2029		1,464
2030		1,464
Thereafter		6,098
Total	$	13,922