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Intangibles
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles

4. Intangibles


Intangible assets as of September 30, 2024 and December 31, 2023 consisted of following (in thousands):




September 30, 2024

December 31, 2023

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

7,293


2,438


4,855

7,217


2,050


5,167
Acquired Technology

606


97


509

599


58


541
Internal Use Software

3,072


1,724


1,348

2,634


1,184


1,450
Total $ 14,438

$ 4,259

$ 10,179

$ 13,917

$ 3,292

$ 10,625


The weighted average remaining useful lives of acquired software and acquired technology were 10.1 years as of September 30, 2024.


Amortization expense on intangibles assets was $0.3 million for each of the three months ended September 30, 2024 and 2023. Amortization expense on intangibles assets was $0.9 million and $0.8 million for the nine months ended September 30, 2024 and 2023, respectively. Future amortization is expected as follows:


2024
$ 288
2025

1,127
2026

945
2027

731
2028 and thereafter

3,621

$ 6,712