Quarterly report [Sections 13 or 15(d)]

Intangible Asset, Net (Tables)

v3.25.1
Intangible Asset, Net (Tables)
3 Months Ended
Mar. 31, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Asset and Related Accumulated Amortization

Intangible asset and related accumulated amortization are as follows:

 

 

March 31, 2025

 

 

December 31, 2024

 

Gross intangible asset

 

$

20,000

 

 

$

20,000

 

Less: accumulated amortization

 

 

(596

)

 

 

(254

)

 

$

19,404

 

 

$

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 ending March 31,

 

 

 

2026

 

$

1,389

 

2027

 

 

1,389

 

2028

 

 

1,389

 

2029

 

 

1,389

 

2030

 

 

1,389

 

Thereafter

 

 

12,459

 

 

$

19,404