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Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets | NOTE 8. INTANGIBLE ASSETS The Company’s intangible assets consisted of the following for the dates indicated (in thousands):
|  |  |  |  | March 31, 2024 |  |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Strategic contract |  | $ | 7,000 |  |  | $ | (117 | ) |  | $ | 6,883 |
Capitalized software |  |  | 1,432 |  |  |  | (153 | ) |  |  | 1,279 |
Total |  | $ | 8,432 |  |  | $ | (270 | ) |  | $ | 8,162 |
|  |  |  |  | December 31, 2023 |  |  |  |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Strategic contract |  | $ | 7,000 |  |  | $ | (28 | ) |  | $ | 6,972 |
Capitalized software |  |  | 1,230 |  |  |  | (93 | ) |  |  | 1,137 |
Total |  | $ | 8,230 |  |  | $ | (121 | ) |  | $ | 8,109 |
The Company recorded amortization expense related to intangible assets of $0.1 million and nil in the three months ended March 31, 2024 and 2023, respectively. The Company expects to record amortization expense as follows over the next five subsequent years (in thousands):
Remaining Year Ended December 31, 2024 |  | $ | 450 |
Year Ended December 31, 2025 |  |  | 599 |
Year Ended December 31, 2026 |  |  | 599 |
Year Ended December 31, 2027 |  |  | 599 |
Year Ended December 31, 2028 |  |  | 508 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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