| Goodwill and Intangible Assets |
7.Goodwill and Intangible Assets
Goodwill
A summary of the activity impacting goodwill is presented below (in thousands):
|
|
|
|
|
Balance as of December 31, 2025 |
|
$ |
7,472 |
|
Measurement period adjustments |
|
|
— |
|
Balance as of June 30, 2026 |
|
$ |
7,472 |
|
Intangible Assets
The following table shows the cost, accumulated amortization, and weighted average remaining life for the acquired intangible assets as of the dates indicated in the tables below (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
|
Weighted average remaining life
(in years) |
|
Gross Carrying Value |
|
|
Accumulated Amortization |
|
|
Net Carrying Value |
|
Developed Technology |
|
9 |
|
$ |
11,890 |
|
|
$ |
(694 |
) |
|
$ |
11,196 |
|
Customer Relationships |
|
5 |
|
|
1,650 |
|
|
|
(160 |
) |
|
|
1,490 |
|
Trademark/Trade Name |
|
<1 |
|
|
550 |
|
|
|
(321 |
) |
|
|
229 |
|
Total intangible assets |
|
9 |
|
$ |
14,090 |
|
|
$ |
(1,175 |
) |
|
$ |
12,915 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2025 |
|
|
|
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 |
|
$ |
14,090 |
|
|
$ |
(168 |
) |
|
$ |
13,922 |
|
The tables below set forth amortization expense for the periods presented (in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, |
|
Intangible asset |
|
Location |
|
2026 |
|
|
2025 |
|
Developed Technology |
|
Cost of revenue |
|
$ |
298 |
|
|
$ |
- |
|
Customer Relationships |
|
Sales and marketing expenses |
|
|
68 |
|
|
|
- |
|
Trademark/Trade Name |
|
Sales and marketing expenses |
|
|
137 |
|
|
|
- |
|
Total amortization expense |
|
|
|
$ |
503 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Six Months Ended June 30, |
|
Intangible asset |
|
Location |
|
2026 |
|
|
2025 |
|
Developed Technology |
|
Cost of revenue |
|
$ |
595 |
|
|
$ |
- |
|
Customer Relationships |
|
Sales and marketing expenses |
|
|
137 |
|
|
|
- |
|
Trademark/Trade Name |
|
Sales and marketing expenses |
|
|
275 |
|
|
|
- |
|
Total amortization expense |
|
|
|
$ |
1,007 |
|
|
$ |
- |
|
The estimated future annual amortization of finite-lived intangible assets is shown in the following table (in thousands). 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 Expense |
|
Remainder of 2026 |
|
$ |
961 |
|
2027 |
|
|
1,464 |
|
2028 |
|
|
1,464 |
|
2029 |
|
|
1,464 |
|
2030 |
|
|
1,464 |
|
Thereafter |
|
|
6,098 |
|
Total |
|
$ |
12,915 |
|
|