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Intangible Assets
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

 

5. Intangible Assets

 

The following table summarizes information relating to the Company’s definite-lived intangible assets:

 

       March 31, 2022   December 31, 2021 
  

Weighted Average

Amortization

   Gross       Net   Gross       Net 
   Period   Carrying   Accumulated   Carrying   Carrying   Accumulated   Carrying 
   (Years)   Amount   Amortization   Amount   Amount   Amortization   Amount 
Other Intangibles (amount in thousands)                            
Patent   8.3   $787   $(354)  $433   $787   $(351)  $436 
Software   3    606    (428)   178    592    (415)   177 
Customer relationships   10    3,370    (3,129)   241    3,370    (3,089)   281 
Total       $4,763   $(3,911)  $852   $4,749   $(3,855)  $894 

 

The intangible assets noted above are amortized on a straight-line basis over their useful lives with the exception of customer relationships which are being amortized using an accelerated method.

 

 

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

 

   Amount 
Year  (In thousands) 
      
2022 (Remaining)  $164 
2023   178 
2024   46 
2025   11 
2026   11 

 

Amortization expenses relating to the definite-lived intangible assets as discussed above were $56,000 and $50,000 for the three months ended March 31, 2022 and 2021, respectively.