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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2023
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets and Estimated Useful Lives

Intangible assets and their estimated useful lives as of March 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

 

 

$

496

 

 

$

2,184

 

Developed technology

 

5 and 7 years

 

 

710

 

 

 

210

 

 

 

500

 

Trade name trademarks

 

3 and 7 years

 

 

30

 

 

 

11

 

 

 

19

 

 

 

 

 

$

3,420

 

 

$

717

 

 

$

2,703

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense We expect to record amortization expense for the remainder of 2023 and each subsequent year and thereafter as follows (in thousands):

 

2023

 

$

311

 

2024

 

 

415

 

2025

 

 

407

 

2026

 

 

356

 

2027

 

 

356

 

Thereafter

 

 

858

 

 

 

$

2,703