Quarterly report [Sections 13 or 15(d)]

Intangible Assets, Net

v3.26.1
Intangible Assets, Net
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Intangible Assets, Net

Note 4 - Intangible Assets, Net

 

Intangible assets as of June 30, 2026 and December 31, 2025 consisted of the following (in thousands):

 

    June 30,     December 31,     Estimated Useful  
    2026     2025     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  
Total intangible assets, gross     17,794       17,794          
Less: accumulated amortization     (11,918 )     (10,627 )        
Total intangible assets, net   $ 5,876     $ 7,167          

 

 

ProPhase Labs, Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

(unaudited)

 

Amortization expense for acquired intangible assets was $0.6 million and $0.6 million during the three months ended June 30, 2026 and 2025, respectively. The estimated future amortization expense of acquired intangible assets as of June 30, 2026 is as follows (in thousands):

 

         
Remaining periods in 2026   $ 959  
Year ended December 31, 2027     1,731  
Year ended December 31, 2028     370  
Year ended December 31, 2029     370  
Year ended December 31, 2030     370  
Thereafter     2,076  
Total intangible assets, net   $ 5,876