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INTANGIBLE ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Intangible Assets | The Company’s intangible assets consisted of the following (in thousands):
| September 30, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Strategic contracts | $ | 24,045 |  |  | $ | (292) |  |  | $ | 23,753 |
Capitalized software | 2,289 |  |  | (300) |  |  | 1,989 |
Total | $ | 26,334 |  |  | $ | (592) |  |  | $ | 25,742 |
| 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 |
Schedule of Expected Amortization Expenses | The Company expects to record amortization expense as follows over the next five subsequent years:
(in thousands) |
Remainder of 2024 | $ | 542 |
Year Ended December 31, 2025 | 658 |
Year Ended December 31, 2026 | 658 |
Year Ended December 31, 2027 | 658 |
Year Ended December 31, 2028 | 566 |

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