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Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Carrying Value of Intangible Assets and Estimated Useful Life

The carrying value of intangible assets and their estimated useful life as of December 31, 2024 are as follows (dollars in thousands):


		Useful Life		Gross Amount				Accumulated Amortization				Net Book Value
Customer relationships		8 and 10 years		$	2,680			$	(1,007	)		$	1,673
Developed technology		5 and 7 years			710				(414	)			296
Trade name / trademarks		3 and 7 years			30				(23	)			7
				$	3,420			$	(1,444	)		$	1,976

The carrying value of intangible assets and their estimated useful life as of December 31, 2023 are as follows (dollars in thousands):


		Useful Life		Gross Amount				Accumulated Amortization				Net Book Value
Customer relationships		8 and 10 years		$	2,680			$	(715	)		$	1,965
Developed technology		5 and 7 years			710				(297	)			413
Trade name / trademarks		3 and 7 years			30				(17	)			13
				$	3,420			$	(1,029	)		$	2,391

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

The Company expects to record amortization for the years ended December 31 as follows (in thousands):


2025		$	405
2026			356
2027			355
2028			338
2029			174
Thereafter			348
		$	1,976