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Intangible Assets and Goodwill | 6 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Note 10 – Intangible Assets and Goodwill Intangible assets The Company’s identifiable intangible assets are associated with its acquisitions of HGP in 2012, NLEX in 2014 and ALT in 2021, as shown in the table below (in thousands except for lives), and are amortized using the straight-line method over their remaining estimated useful lives. The Company’s tradename that was acquired as part of the acquisition of NLEX in 2014 has an indefinite life and therefore is not amortized.
|  | Remaining |  |  | Carrying Value |  |  |  |  |  | Carrying Value |
|  | Life |  |  | December 31, |  |  |  |  |  | June 30, |
|  | (years) |  |  | 2023 |  |  | Amortization |  |  | 2024 |
Amortizable intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Trade Name (HGP) |  |  | 0.8 |  |  | $ | 128 |  |  | $ | (64 | ) |  | $ | 64 |
Trade Name (ALT) |  |  | 17.4 |  |  |  | 575 |  |  |  | (16 | ) |  |  | 559 |
Vendor Relationship (ALT) |  |  | 2.4 |  |  |  | 613 |  |  |  | (115 | ) |  |  | 498 |
Total amortizable intangible assets |  |  |  |  |  | 1,316 |  |  |  | (195 | ) |  |  | 1,121 |
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |
Trade Name (NLEX) |  | N/A |  |  |  | 2,437 |  |  |  | — |  |  |  | 2,437 |
Total intangible assets |  |  |  |  | $ | 3,753 |  |  | $ | (195 | ) |  | $ | 3,558 |
Amortization expense during both the six months ended June 30, 2024 and 2023 was $0.2 million. T he Company estimates that the residual value for intangible assets is no t significant. As of June 30, 2024, the estimated amortization expense for the remainder of the current fiscal year and the next five fiscal years and thereafter is shown below (in thousands):
Year |  | Amount |
2024 (remainder of year from July 1, 2024 to December 31, 2024) |  | $ | 196 |
2025 |  |  | 263 |
2026 |  |  | 186 |
2027 |  |  | 32 |
2028 |  |  | 32 |
Thereafter |  |  | 412 |
Total estimated amortization expense |  | $ | 1,121 |
Goodwill The Company’s goodwill relates to its acquisition of various entities. Goodwill consists of the following at June 30, 2024 and December 31, 2023 (in thousands):
|  | June 30, 2024 |  |  | December 31, 2023 |
ALT |  | $ | 1,861 |  |  | $ | 1,861 |
HGP |  |  | 2,041 |  |  |  | 2,041 |
NLEX |  |  | 3,544 |  |  |  | 3,544 |
Total goodwill |  | $ | 7,446 |  |  | $ | 7,446 |
There were no additions to goodwill and no impairments recorded to the carrying value of goodwill during the six months ended June 30, 2024.

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