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INTANGIBLE ASSETS, NET
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, NET INTANGIBLE ASSETS, NET
Components of intangible assets (subject to amortization) consist of the following items:
June 30, 2022December 31, 2021
Useful Life
(in years)		Gross
Carrying
Amount
 
Accumulated Amortization
Net
Carrying
Amount		Gross
Carrying
Amount		 
Accumulated Amortization		Net
Carrying
Amount
Software3$9,344 $969 $8,375 $538 $179 $359 
Intangible assets are amortized on a straight-line basis. We continually evaluate the amortization period and carrying basis of intangible assets to determine whether subsequent events and circumstances warrant a revised estimated useful life or reduction in value.
Total amortization expense of intangibles was $763 thousand and $27 thousand for the three months ended June 30, 2022 and 2021, respectively. Total amortization expense of intangibles was $790 thousand and $54 thousand for the six months ended June 30, 2022 and 2021, respectively.
Estimated future amortization expense is as follows (in thousands):
Year 1$3,051 
Year 23,051 
Year 32,273 
Thereafter— 
 $8,375