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Intangible Assets, Net (Tables)
 9 Months Ended
Sep. 30, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Summary of Intangible Assets

The following tables provide information pertaining to the Company’s intangible assets as of:

 

 

September 30, 2024

 

(in thousands)

 

Weighted-Average Remaining Useful Life

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

Software

 

 

1.2

 

 

$

1,180

 

 

$

(1,090

)

 

$

90

 

Customer relationships

 

 

1.0

 

 

 

3,007

 

 

 

(2,821

)

 

 

186

 

 

 

 

 

 

4,187

 

 

 

(3,911

)

 

 

276

 

Trademarks

 

N/A

 

 

 

3,000

 

 

 

—

 

 

 

3,000

 

Intangible assets, net

 

 

 

 

$

7,187

 

 

$

(3,911

)

 

$

3,276

 

 

 

 

December 31, 2023

 

(in thousands)

 

Weighted-Average Remaining Useful Life

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

Software

 

 

1.4

 

 

$

1,164

 

 

$

(978

)

 

$

186

 

Customer relationships

 

 

1.7

 

 

 

3,007

 

 

 

(2,670

)

 

 

337

 

 

 

 

 

 

4,171

 

 

 

(3,648

)

 

 

523

 

Trademarks

 

N/A

 

 

 

3,000

 

 

 

—

 

 

 

3,000

 

Intangible assets, net

 

 

 

 

$

7,171

 

 

$

(3,648

)

 

$

3,523

 

 
Summary of Expected Amortization Expense for Intangible Assets with Definite Lives

Amortization expense for intangible assets with definite lives is expected to be as follows:

(in thousands)

 

 

Remainder of 2024

 

87

 

2025

 

175

 

2026

 

14

 

Expected amortization expense for intangible assets with definite lives

$

276