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INTANGIBLES
12 Months Ended
Dec. 31, 2024
INTANGIBLES [Abstract]  
INTANGIBLES

4. INTANGIBLES

Intangible assets consist of the following:

Dollars in Thousands

December 31, 2024

    

    

Accumulated

    

Net Book

Cost

Amortization

Value

Technology

$

18,990

$

7,121

$

11,869

Dollars in Thousands

December 31, 2023

    

    

Accumulated

    

Net Book

Cost

Amortization

Value

Technology

$

18,990

$

6,172

$

12,818

    

Estimated Useful Life

Technology

 

20

years

Amortization expense for intangible assets was $1.0 million during the years ended December 31, 2024 and 2023, respectively. Amortization expense for intangible assets is expected to be $1.0 million for each of the years ending December 31, 2025, 2026, 2027, 2028 and 2029, respectively.