Quarterly report [Sections 13 or 15(d)]

Intangible Assets

Intangible Assets

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

5.	Intangible Assets

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

			June 30, 2025							December 31, 2024
Other Intangibles (amount in thousands)	Weighted Average Amortization Period (Years)		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents		5.9	$	756	$	(446	)	$	310	$	753	$	(435	)	$	318
Software		3		666		(608	)		58		666		(591	)		75
Total			$	1,422	$	(1,054	)	$	368	$	1,419	$	(1,026	)	$	393

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

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

	Amount
Year	(In thousands)

2025 (Remaining)	$	26
2026		49
2027		30
2028		21
2029		18

Amortization expenses relating to the definite-lived intangible assets as discussed above were $13,000 and $28,000 for the three and six months ended June 30, 2025, respectively, and $23,000 and $47,000 for the three and six months ended June 30, 2024, respectively.