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INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS |
8. | INTANGIBLE ASSETS
Intangible assets, net as of December 31, 2023 consist of the following (in thousands):
Schedule of intangible assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted-average Amortization Period (yrs) |
Developed technology |  | $ | 8,074 |  |  | $ | (612 | ) |  | $ | 7,462 |  |  |  | 11 |
Trade name |  |  | 1,756 |  |  |  | (146 | ) |  |  | 1,610 |  |  |  | 10 |
Customer relationships |  |  | 444 |  |  |  | (49 | ) |  |  | 395 |  |  |  | 13 |
Backlog |  |  | 185 |  |  |  | (154 | ) |  |  | 31 |  |  |  | 1 |
Patents |  |  | 491 |  |  |  | (42 | ) |  |  | 449 |  |  |  | 20 |
Intangible assets |  | $ | 10,950 |  |  | $ | (1,003 | ) |  | $ | 9,947 |  |  |  |  |
|  | December 31, 2023 |
|  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Weighted-average Amortization Period (yrs) |
Developed technology |  | $ | 8,074 |  |  | $ | (1,346 | ) |  | $ | 6,728 |  |  |  | 11 |
Trade name |  |  | 1,756 |  |  |  | (322 | ) |  |  | 1,434 |  |  |  | 10 |
Customer relationships |  |  | 444 |  |  |  | (110 | ) |  |  | 334 |  |  |  | 13 |
Backlog |  |  | 185 |  |  |  | (185 | ) |  |  | – |  |  |  | 1 |
Patents |  |  | 611 |  |  |  | (57 | ) |  |  | 554 |  |  |  | 20 |
Intangible assets |  | $ | 11,070 |  |  | $ | (2,020 | ) |  | $ | 9,050 |  |  |  |  |
Amortization expense for each of the years ended December 31, 2023 and 2022 was $1.0 million. Amortization expense for intangible assets held as of December 31, 2023 will be $1.0 million for each of the years 2024 – 2028.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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