XML 24 R12.htm IDEA: XBRL DOCUMENT v3.24.3
Intangible Assets
 9 Months Ended
Sep. 30, 2024
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:

 

       September 30, 2024   December 31, 2023 
  

Weighted Average

Amortization Period

  

Gross

Carrying

   Accumulated  

Net

Carrying

  

Gross

Carrying

   Accumulated  

Net

Carrying

 
   (Years)   Amount   Amortization   Amount   Amount   Amortization   Amount 
Other Intangibles (amount in thousands)                            
Patents   8.3   $733   $(397)  $336   $710   $(387)  $323 
Software   3    673    (589)   84    667    (529)   138 
Total       $1,406   $(986)  $420   $1,377   $(916)  $461 

 

The intangible assets noted above are amortized on a straight-line basis over their useful lives.

 

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

 

Schedule of Finite Lived Intangible Assets, Future Amortization Expense

    Amount 
Year   (In thousands) 
      
2024 (Remaining)   $13 
2025    45 
2026    40 
2027    22 
2028    13 
Total   $133 

 

Amortization expense relating to the definite-lived intangible assets as discussed above was $22,000 and $70,000 for the three and nine months ended September 30, 2024, respectively, and $55,000 and $165,000 for the three and nine months ended September 30, 2023, respectively.