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Note 6 - Intangible Assets

9 Months Ended

Sep. 30, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 6. Intangible assets

The components of intangible assets, net, as of September 30, 2023 and December 31, 2022 were as follows (in thousands):

		*September 30,*				*December 31,*
		*2023*				*2022*
Lease-in-place agreements		$	1,053			$	1,053
Leasing commissions and other			293				290
Gross intangible assets		$	1,346			$	1,343
Accumulated amortization			(1,078	)			(721	)
Intangible assets, net		$	268			$	622

Amortization expense for intangible assets was $119,000 for the three months ended September 30, 2023 and 2022. Amortization expense for intangible assets was $357,000 and $379,000 for the nine months ended September 30, 2023 and 2022, respectively.

Amortization expense for finite-lived intangible assets as of September 30, 2023 is expected to be as follows (in thousands):

For the year ending December 31,
2023		$	97
2024			167
2025			4
Total amortization		$	268