Intangible Assets

9 Months Ended

Sep. 30, 2023

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:

			September 30, 2023							December 31, 2022
	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	$	703	$	(384	)	$	319	$	711	$	(374	)	$	337
Software		3		661		(515	)		146		640		(468	)		172
Customer relationships		10		3,370		(3,358	)		12		3,370		(3,250	)		120
Total			$	4,734	$	(4,257	)	$	477	$	4,721	$	(4,092	)	$	629

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)
2023 (Remaining)	$	30
2024		62
2025		26
2026		25
2027		22

Amortization expense relating to the definite-lived intangible assets as discussed above was $55,000 and $165,000 for the three and nine months ended September 30, 2023, respectively, and $65,000 and $176,000 for the three and nine months ended September 30, 2022, respectively.