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Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Intangible Assets and Estimated Useful Lives

Intangible assets and their estimated useful lives as of September 30, 2024 are as follows (dollars in thousands):

 

 

 

Useful Life

 

Gross
Amount

 

 

Accumulated
Amortization

 

 

Net Book
Value

 

Customer relationships

 

8 and 10 years

 

$

2,680

 

 

$

(933

)

 

$

1,747

 

Developed technology

 

5 and 7 years

 

 

710

 

 

 

(385

)

 

 

325

 

Trade name trademarks

 

3 and 7 years

 

 

30

 

 

 

(22

)

 

 

8

 

 

 

 

 

$

3,420

 

 

$

(1,340

)

 

$

2,080

 

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense We expect to record amortization expense for the remainder of 2024 and each subsequent year and thereafter as follows (in thousands):

 

2024

 

$

103

 

2025

 

 

405

 

2026

 

 

356

 

2027

 

 

345

 

2028

 

 

338

 

Thereafter

 

 

533

 

 

 

$

2,080