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Intangible Assets
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

(9) Intangible Assets

 

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

 

September 30, 2024: 

Weighted

Average Life

  Cost  

Accumulated

Amortization

   Net 
Patents  11 years  $2,777   $(879)  $1,898 
Customer List  6 years   8,000    (2,112)   5,888 
Tradenames  10 years   1,190    (188)   1,002 
      $11,967   $(3,179)  $8,788 

 

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 September 30, 2024 and 2023 was $0.4 million, and $1.3 million and $1.0 million for the nine months ended September 30, 2024 and 2023, respectively.