XML 19 R10.htm IDEA: XBRL DOCUMENT

Intangibles

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

4. Intangibles

Intangible assets as of September 30, 2023 and December 31, 2022 consist of following (in thousands):

		September 30, 2023						December 31, 2022
		Gross Amount		Accumulated Amortization		Net Carrying Value		Gross Amount		Accumulated Amortization		Net Carrying Value
Indefinite-Lived intangible assets	$	3,467	$	—	$	3,467	$	3,467	$	—	$	3,467
Acquired Software		6,983		1,911		5,072		6,999		1,561		5,438
Acquired Technology		575		44		531		580		8		572
Internal Use Software		2,326		1,047		1,279		1,560		640		920
Total	$	13,351	$	3,002	$	10,349	$	12,606	$	2,209	$	10,397

The weighted average remaining useful lives of acquired software and acquired technology were 11.08 years as of September 30, 2023.

Amortization expense on intangibles assets was $0.3 million and $0.1 million for the three months ended September 30, 2023 and 2022, respectively. Amortization expense on intangibles assets was $0.8 million and $0.2 million for the nine months ended September 30, 2023 and 2022, respectively. Future amortization is expected as follows:

2023	$	270
2024		1,012
2025		950
2026		712
2027 and thereafter		3,938
	$	6,882