Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Net

v3.25.1
Intangible Assets, Net
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net Intangible Assets, Net
Intangible assets as of March 31, 2025 and December 31, 2024 consisted of the following (in thousands):
March 31, 2025 December 31, 2024 Estimated Useful Life
(in years)
Trade names $ 5,550  $ 5,550  15
Proprietary intellectual property 11,064  11,064  5
Customer relationships 1,180  1,180  1
CLIA license 1,307  1,307  3
19,101  19,101 
Less: accumulated amortization (9,997) (9,351)
Total intangible assets, net $ 9,104  $ 9,750 
Amortization expense for acquired intangible assets was $0.6 million and $0.6 million during the three months ended March 31, 2025 and 2024, respectively. The estimated future amortization expense of acquired intangible assets as of March 31, 2025 is as follows (in thousands):
Remaining periods in the year ended December 31, 2025 $ 1,937 
Year ended December 31, 2026 2,251 
Year ended December 31, 2027 1,731 
Year ended December 31, 2028 370 
Year ended December 31, 2029 370 
Thereafter 2,445 
$ 9,104