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Intangible Assets
6 Months Ended
Jun. 30, 2022
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, 2022    December 31, 2021 
   Weighted Average Amortization   Gross       Net   Gross       Net 
Other Intangibles   Period   Carrying   Accumulated   Carrying   Carrying   Accumulated   Carrying 
(amount in thousands)  (Years)   Amount   Amortization   Amount   Amount   Amortization   Amount 
Patent  8.3   $798   $(357)  $441   $787   $(351)  $436 
Software  3    612    (440)   172    592    (415)   177 
Customer relationships  10    3,370    (3,169)   201    3,370    (3,089)   281 
Total      $4,780   $(3,966)  $814   $4,749   $(3,855)  $894 

 

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:

 

   Amount 
Year  (In thousands) 
     
2022 (Remaining)  $110 
2023   180 
2024   48 
2025   12 
2026   11 

 

Amortization expenses relating to the definite-lived intangible assets as discussed above were $55,000 and $111,000 for the three and six months ended June 30, 2022, respectively, and $50,000 and $100,000 for the three and six months ended June 30, 2021, respectively.