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Intangible Assets
6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(9) Intangible Assets

 

The following table sets forth information regarding intangible assets (in thousands):

 

June 30, 2024: 

Weighted

Average Life

   Cost  

Accumulated

Amortization

   Net 
Patents   11 years   $2,777   $(810)  $1,967 
Customer List   6 years    8,000    (1,778)   6,222 
Tradenames   10 years    1,190    (159)   1,031 
        $11,967   $(2,747)  $9,220 

 

December 31, 2023: 

Weighted

Average Life

   Cost  

Accumulated

Amortization

   Net 
Patents   11 years   $2,777   $(672)  $2,105 
Customer List   6 years    8,000    (1,111)   6,889 
Tradenames   10 years    1,190    (99)   1,091 
        $11,967   $(1,882)  $10,085 

 

Amortization expense for both the three months ended June 30, 2024 and 2023 was $0.5 million, and $0.9 million and $0.6 million for the six months ended June 30, 2024 and 2023, respectively.