Quarterly report [Sections 13 or 15(d)]

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

5.	Intangible Assets

The following table summarizes information relating to the Company’s definite-lived intangible assets:

			March 31, 2026							December 31, 2025
	Weighted Average Amortization		Gross					Net		Gross					Net
	Period		Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	(Years)		Amount		Amortization			Amount		Amount		Amortization			Amount
Other Intangibles (amount in thousands)
Patents		5.9	$	765	$	(462	)	$	303	$	760	$	(456	)	$	304
Software		3		746		(626	)		120		676		(618	)		58
Permits		10		83		(3	)		80		—		—			—
Total			$	1,549	$	(1,091	)	$	503	$	1,436	$	(1,074	)	$	362

The intangible assets noted above are amortized on a straight-line basis over their useful lives.

The permits disclosed above reflect the capitalization of costs associated with the renewal of certain regulatory permits. These costs represent fees paid to secure the Company’s right to operate for a defined ten-year period and are therefore amortized on a straight-line basis over that period.

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

	Amount
Year	(In thousands)

2026 (Remaining)	$	40
2027		36
2028		25
2029		22
2030		19

Amortization expenses relating to the definite-lived intangible assets as discussed above were $17,000 and $15,000 for the three months ended March 31, 2026, and 2025, respectively.