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

Goodwill and Intangible Assets (Tables)

v3.26.1
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of the Activity Impacting Goodwill

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

 
Schedule of Cost, Accumulated Amortization and Weighted Average Remaining Life 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

 
Schedule of Amortization Expense

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

 

 

$

-

 
Schedule of Estimated Future Annual Amortization of Finite-Lived Intangible Assets

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