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Intangible Assets
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note E — Intangible Assets

 

Intangible assets and related accumulated amortization consisted of the following for the years ended December 31, 2023 and 2022 (dollars in thousands):

 

   2023   2022 
   Gross carrying   Accumulated   Gross carrying   Accumulated 
   amount   amortization   amount   amortization 
Acquired in-place leases  $2,443   $1,845   $2,564   $1,621 
Lease commissions   182    136    165    106 
Indefinite lived contract   3,160    —    3,160    — 
Acquired technology and other   4,402    1,009    4,217    561 
Total intangible assets  $10,187   $2,990   $10,106   $2,288 

 

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 $0.8 million for the years ended December 31, 2023 and 2022.

 

Estimated future amortization of intangible assets as of December 31, 2023 for each of the next five years is as follows (dollars in thousands):

 

   Acquired in-place leases   Lease commissions   Acquired Technology 
2024  $291   $23   $481 
2025   181    12    481 
2026   102    7    481 
2027   24    4    452 
2028   —    —    434 
Thereafter   —    —    1,064