XML 25 R13.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2024
Intangible Assets and Liabilities Disclosure [Abstract]  
INTANGIBLE ASSETS, NET
6. INTANGIBLE ASSETS, NET
Intangible assets, net are summarized as follows:
March 31, 2024
Jefferson TerminalRailroadTotal
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 TerminalRailroadTotal
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 
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,
20242023
Amortization of customer relationships$1,886 $1,886 
As of March 31, 2024, estimated net annual amortization of intangibles is as follows:
Remainder of 2024
$4,480 
20254,000 
20264,000 
20274,000 
20284,000 
Thereafter30,255 
Total$50,735