Quarterly report [Sections 13 or 15(d)]

Identifiable Intangible Assets

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

NOTE 4—Identifiable Intangible Assets

 

The company acquired identifiable intangible assets as part of the asset acquisition of DNA X LLC. The details for identifiable intangible assets as of June 30, 2026 are as follows in thousands of dollars:

 

    Transfer
from DNA
X LLC
May 26,
2026
    Additions
YTD 2026
    Accumulated
Amortization
    Ending
Balance
June 30,
2026
 
Software Technology DNA X platform   $ 1,100     $ 94     $         $ 1,194  
Trademarks DNA X     185                   185  
Outstanding at June 30, 2026   $ 1,285     $ 94     $     $ 1,379  

 

The software assets will be amortized over management’s estimated useful life of 5 years and the trademarks assets will be amortized over management’s estimated useful life of 10 years. Since the Company acquired the intangible assets, the Company has not begun amortization of either asset because neither asset has been placed in service after May 26, 2026.