Note 7 - Intangible Assets

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE 7. INTANGIBLE ASSETS

Intangible assets consist of the following (in thousands).

			December 31, 2023						December 31, 2022
	Estimated Useful Life		Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Customer relationships		15	$	930	$	668	$	262	$	930	$	564	$	366
Trademarks		10		13		6		7		13		5		8
Non-compete agreement		5		22		21		1		22		16		6
Total intangible assets			$	965	$	695	$	270	$	965	$	585	$	380

The customer relationship intangible is amortizing over the 15-year period of expected future economic benefit, in proportion to the discounted expected future cash flows used to estimate the value of the intangible at acquisition in 2019. It is amortizing at a more rapid rate in the earlier periods than in later periods. Other finite-lived intangible assets are amortizing on a straight-line basis.

As of December 31, 2023, the weighted-average remaining amortization period for intangibles is 8.9 years and future intangible amortization is expected to total the following (in thousands):

2024	$	80
2025		58
2026		42
2027		31
2028		22
Thereafter		37
Total amortization	$	270