Intangible Assets, Net

12 Months Ended

Dec. 31, 2023

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Intangible Assets, Net

Note 6. Intangible Assets, net

Identifiable intangible assets, net consisted of the following:

	As of December 31,							As of December 31,
	2023							2022
(in thousands)	Cost		Accumulated Amortization			Net Book Value		Cost		Accumulated Amortization			Net Book Value
Internal-Use Software	$	6,248	$	(3,994	)	$	2,254	$	5,827	$	(1,993	)	$	3,834
Total identifiable intangible assets	$	6,248	$	(3,994	)	$	2,254	$	5,827	$	(1,993	)	$	3,834

Amortization expense amounted to $2.0 million and $1.6 million for the year ended December 31, 2023 and 2022, respectively. Intangible assets are assessed for impairment when events or circumstances indicate the existence of a possible impairment.

As of December 31, 2023, estimated annual amortization expense for each of the next five fiscal years is as follows:

Fiscal Years Ending December 31,
(in thousands)
2024		1,656
2025		521
2026		77
2027		—
Total	$	2,254