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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Carrying Value of Intangible Assets and Estimated Useful Live

The carrying value of intangible assets and their estimated useful live as of December 31, 2023 are as follows (dollars in thousands):

 

 

 

Useful Life

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Customer relationships

 

8 and 10 years

 

$

2,680

 

 

$

(715

)

 

$

1,965

 

Developed technology

 

5 and 7 years

 

 

710

 

 

 

(297

)

 

 

413

 

Trade name / trademarks

 

3 and 7 years

 

 

30

 

 

 

(17

)

 

 

13

 

 

 

 

 

$

3,420

 

 

$

(1,029

)

 

$

2,391

 

 

The carrying value of intangible assets and their estimated useful live as of December 31, 2022 are as follows (dollars in thousands):

 

 

 

Useful Life

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Customer relationships

 

8 and 10 years

 

$

2,680

 

 

$

(424

)

 

$

2,256

 

Developed technology

 

5 and 7 years

 

 

710

 

 

 

(180

)

 

 

530

 

Trade name / trademarks

 

3 and 7 years

 

 

30

 

 

 

(10

)

 

 

20

 

 

 

 

 

$

3,420

 

 

$

(614

)

 

$

2,806

 

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense The Company expects to record amortization for the years ended December 31 as follows (in thousands):

 

2024

 

$

415

 

2025

 

 

405

 

2026

 

 

356

 

2027

 

 

345

 

2028

 

 

338

 

Thereafter

 

 

532

 

 

$

2,391