Note F - Intangible Assets

6 Months Ended

Jun. 30, 2024

Intangible Assets Disclosure [Text Block]

Note F — Intangible Assets

A schedule of our intangible assets and related accumulated amortization as of June 30, 2024 and December 31, 2023 is as follows (dollars in thousands):

	*As of June 30, 2024*				*As of December 31, 2023*
	Gross carrying amount		Accumulated amortization		Gross carrying amount		Accumulated amortization
In-place lease value	$	2,429	$	1,987	$	2,443	$	1,845
Lease commissions		182		148		182		136
Indefinite lived contract		3,160		—		3,160		—
Acquired technology		4,485		1,249		4,402		1,009
Total intangible assets	$	10,256	$	3,384	$	10,187	$	2,990

Amortization of the in-place lease value, lease commissions and acquired technology are included in Depreciation and Amortization in our Consolidated Statements of Operations. Amortization expense associated with intangible assets totaled approximately $0.2 million for both the three months ended June 30, 2024 and 2023 and approximately $0.4 million for both the six months ended June 30, 2024 and 2023.

Estimated future amortization of intangible assets as of June 30, 2024 for each of the next five years is as follows (dollars in thousands):

	*In-place lease value*		*Lease commissions*		*Acquired technology*
2024 (Remainder)	$	141	$	11	$	250
2025		183		12		497
2026		105		7		497
2027		13		4		468
2028		—		—		450
Thereafter		—		—		1,074
	$	442	$	34	$	3,236