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INTANGIBLE ASSETS
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS

 

6. INTANGIBLE ASSETS

 

The intangible assets consist of the following (in thousands):

                  
   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    

 

   September 30, 2024
   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount   Weighted-average Amortization Period (yrs)
Developed technology  $8,074   $(1,896)  $6,178   11
Trade name   1,756    (454)   1,302   10
Customer relationships   444    (146)   298   13
Backlog   185    (185)   –   1
Patents   565    (72)   493   20
Intangible assets  $11,024   $(2,753)  $8,271    

  

Amortization expense during the three and nine months ended September 30, 2024 and September 30, 2023 was $0.2 million, $0.7 million, $0.2 million and $0.8 million, respectively.