v3.26.1
Intangible Assets
6 Months Ended
Jun. 30, 2026
Intangible Assets  
Intangible Assets

4. Intangible Assets

​

The following table summarizes intangible assets included on the balance sheet:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 

​

​

2026

​

​

Gross

​

​

Accumulated Amortization

​

Net

Patent

​

$

2,585,000

​

​

$

(144,000)

​

$

2,441,000

​

Total amortization expense for the patent was $43,000 and $86,000 for the three and six months ended June 30, 2026. There was no amortization expense for the three and six months ended June 30, 2025.

​

Future amortization of intangible assets is estimated to be as follows:

​

​

​

​

​

Years Ending December 31:

​

​

​

2026 (remaining 6 months)

​

$

86,000

2027

​

​

172,000

2028

​

​

172,000

2029

​

​

172,000

2030

​

​

172,000

Thereafter

​

​

1,667,000

​

​

$

2,441,000

​