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Intangible Assets

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Note 4 – Intangible Assets

Intangible assets and their estimated useful lives as of September 30, 2023 are as follows (dollars in thousands):


	Useful Life	Gross Amount		Accumulated Amortization		Net Book Value
Customer relationships	8 and 10 years	$	2,680	$	642	$	2,038
Developed technology	5 and 7 years		710		269		441
Trade name trademarks	3 and 7 years		30		14		16
		$	3,420	$	925	$	2,495

During the three and nine months ended September 30, 2023 and 2022, we recorded $0.1 million and $0.3 million, respectively, of intangible assets amortization expense. We expect to record amortization expense for the remainder of 2023 and each subsequent year and thereafter as follows (in thousands):


Reminder of 2023	$	103
2024		415
2025		407
2026		356
2027		356
Thereafter		858
	$	2,495