Annual report pursuant to Section 13 and 15(d)

Intangible Asset, Net (Tables)

v3.25.0.1
Intangible Asset, Net (Tables)
12 Months Ended
Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Asset and Related Accumulated Amortization

Intangible asset and related accumulated amortization are as follows:

 

 

December 31, 2024

 

 

December 31, 2023

 

Gross intangible asset

 

$

20,000

 

 

$

 

Less: accumulated amortization

 

 

(254

)

 

 

 

 

$

19,746

 

 

$

 

Schedule of Estimated Future Amortization Related to Intangible Assets

The estimated future amortization related to intangible assets included on the consolidated balance sheet as of December 31, 2024 for the following five fiscal years and thereafter were as follows:

Due in 12 month period ended December 31,

 

 

 

2025

 

$

1,389

 

2026

 

 

1,389

 

2027

 

 

1,389

 

2028

 

 

1,389

 

2029

 

 

1,389

 

Thereafter

 

 

12,801

 

 

$

19,746