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INTANGIBLE ASSETS, NET (Tables) | 3 Months Ended
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Mar. 31, 2024
Intangible Assets and Liabilities Disclosure [Abstract] |
Schedule of Finite-Lived Intangible Assets and Liabilities | Intangible assets, net are summarized as follows:
| March 31, 2024
| Jefferson Terminal |  | Railroad |  | Total
Customer relationships | $ | 35,513 |  |  | $ | 60,000 |  |  | $ | 95,513 |
Less: Accumulated amortization | (34,033) |  |  | (10,745) |  |  | (44,778) |
Intangible assets, net | $ | 1,480 |  |  | $ | 49,255 |  |  | $ | 50,735 |
| December 31, 2023
| Jefferson Terminal |  | Railroad |  | Total
Customer relationships | $ | 35,513 |  |  | $ | 60,000 |  |  | $ | 95,513 |
Less: Accumulated amortization | (33,145) |  |  | (9,747) |  |  | (42,892) |
Intangible assets, net | $ | 2,368 |  |  | $ | 50,253 |  |  | $ | 52,621 |
Schedule of Intangible Assets and Liabilities | Amortization of customer relationships is included in Depreciation and amortization in the Consolidated Statements of Operations and is as follows:
| Three Months Ended March 31, |  |
| 2024 |  | 2023 |  |  |  |
Amortization of customer relationships | $ | 1,886 |  |  | $ | 1,886 |  |  |  |  |
Schedule of Net Annual Amortization of Intangibles | As of March 31, 2024, estimated net annual amortization of intangibles is as follows:
Remainder of 2024 | $ | 4,480 |
2025 | 4,000 |
2026 | 4,000 |
2027 | 4,000 |
2028 | 4,000 |
Thereafter | 30,255 |
Total | $ | 50,735 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482665/350-30-50-2 + Details
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