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Intangible Assets
 9 Months Ended
Sep. 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:

 

   Weighted Average   September 30, 2022   December 31, 2021 
   Amortization Period   Gross Carrying   Accumulated   Net Carrying   Gross Carrying   Accumulated   Net Carrying 
   (Years)   Amount   Amortization   Amount   Amount   Amortization   Amount 
Other Intangibles (amount in thousands)                            
Patent   8.6   $744   $(369)  $375   $787   $(351)  $436 
Software   3    636    (453)   183    592    (415)   177 
Customer relationships   10    3,370    (3,209)   161    3,370    (3,089)   281 
Total   -    $4,750   $(4,031)  $719   $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)  $57 
2023   187 
2024   61 
2025   11 
2026   11 
      

 

Amortization expense relating to the definite-lived intangible assets as discussed above was $65,000 and $176,000 for the three and nine months ended September 30, 2022, respectively, and $51,000 and $152,000 for the three and nine months ended September 30, 2021, respectively.