Intangible Assets

3 Months Ended

Mar. 31, 2020

Intangible Assets

Intangible Assets

Note 4. Intangible Assets

The following table provides information regarding the Company’s intangible assets subject to amortization, which consist of the following:

	March 31, 2020						December 31, 2019
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
Trade name	$	13,307	$	(7,262)	$	6,045	$	13,309	$	(6,709)	$	6,600
Software		314		(146)		168		312		(129)		183
Total intangible assets	$	13,621	$	(7,408)	$	6,213	$	13,621	$	(6,838)	$	6,783

The Company’s trade name relates to the value of the XpresSpa trade name, and software relates to certain capitalized third-party costs related to a new point-of-sale system.

The Company's intangible assets are amortized over their expected useful lives. During the three months ended March 31, 2020 and 2019, the Company recorded amortization expense of $570 and $568, respectively.

Based on the intangible assets balance as of March 31, 2020 the estimated amortization expense for the remainder of the calendar year and each of the succeeding calendar years is as follows:

Calendar Years ending December 31,	Amount
Remainder of 2020	$	1,711
2021		2,277
2022		2,206
2023		19
Total	$	6,213