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Intangible Assets

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

5. Intangible Assets

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

		June 30, 2023							December 31, 2022
	Weighted Average Amortization	Gross					Net		Gross					Net
Other Intangibles (amount in thousands)	Period (Years)	Carrying Amount		Accumulated Amortization			Carrying Amount		Carrying Amount		Accumulated Amortization			Carrying Amount

Patent	8.3	$	700	$	(380	)	$	320	$	711	$	(374	)	$	337
Software	3		661		(500	)		161		640		(468	)		172
Customer relationships	10		3,370		(3,322	)		48		3,370		(3,250	)		120
Total		$	4,731	$	(4,202	)	$	529	$	4,721	$	(4,092	)	$	629

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)

2023 (Remaining)	$	85
2024		62
2025		26
2026		25
2027		22

Amortization expenses relating to the definite-lived intangible assets as discussed above were $55,000 and $110,000 for the three and six months ended June 30, 2023, respectively, and $55,000 and $111,000 for the three and six months ended June 30, 2022, respectively.