Quarterly report [Sections 13 or 15(d)]

Intangible Asset, Net (Tables)

v3.25.2
Intangible Asset, Net (Tables)
6 Months Ended
Jun. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Asset and Related Accumulated Amortization

Intangible asset and related accumulated amortization are as follows:

 

 

June 30, 2025

 

 

December 31, 2024

 

Gross intangible asset

 

$

20,000

 

 

$

20,000

 

Less: accumulated amortization

 

 

(941

)

 

 

(254

)

 

$

19,059

 

 

$

19,746

 

Schedule of Estimated Future Amortization Related to Intangible Assets

The estimated future amortization related to intangible assets included on the condensed consolidated balance sheet as of June 30, 2025 for the following five fiscal years and thereafter were as follows:

Due in 12 month period ending June 30,

 

 

 

2026

 

$

1,389

 

2027

 

 

1,389

 

2028

 

 

1,389

 

2029

 

 

1,389

 

2030

 

 

1,389

 

Thereafter

 

 

12,114

 

 

$

19,059