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Other Assets
6 Months Ended
Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Other Assets

9. Other Assets

 

Other assets consisted of the following:

 

(Dollars in thousands)  June 30, 2024   December 31, 2023 
Product branding  $396   $396 
Deposits   235    240 
Future proceeds related to installment sales of equipment   162    276 
Total other assets   793    912 
Less accumulated amortization   (371)   (344)
Other assets, net  $422   $568 

 

As of June 30, 2024, the Company had $0.4 million of capitalized costs related to services provided for the rebranding of its existing product line. This amount is being amortized over a seven-year life.

 

Amortization expense totaled $27,500 and $28,571 for the six months ended June 30, 2024 and 2023, respectively.

 

The deposits represent office lease deposits.