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Intangible Assets
6 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

5. Intangible Assets

 

The following table summarizes information relating to the Company’s definite-lived intangible assets:

 

       June 30, 2021       December 31, 2020     
  

Weighted Average

Amortization

   Gross       Net   Gross       Net 
   Period   Carrying   Accumulated   Carrying   Carrying   Accumulated   Carrying 
   (Years)   Amount   Amortization   Amount   Amount   Amortization   Amount 
Intangibles (amount in thousands)                            
Patent   12.5   $746   $(343)  $403   $742   $(334)  $408 
Software   3    524    (413)   111    418    (411)   7 
Customer relationships   10    3,370    (2,999)   371    3,370    (2,910)   460 
Total       $4,640   $(3,755)  $885   $4,530   $(3,655)  $875 

 

The intangible assets noted above are amortized on a straight-line basis over their useful lives with the exception of customer relationships which are being amortized using an accelerated method.

 

 

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

 

Year   (In thousands) 
      
2021(remaining)   $123 
2022    198 
2023    158 
2024    37 
2025    14 

 

Amortization expenses relating to the definite-lived intangible assets as discussed above were $50,000 and $100,000 for the three and six months ended June 30, 2021, respectively, and $55,000 and $109,000 for the three and six months ended June 30, 2020, respectively.