6. Intangible Assets

The changes in the carrying value of customer list intangible are as follows:


	Six Months		Year Ended
	Ended June 30,		December 31,
RAM	2020		2019
Beginning balance	$	241	$	284
Amortization		(21)		(43)

Ending balance	$	220	$	241
Accumulated amortization and impairment	$	727	$	706

The value assigned to customer list intangibles is based upon a multiple of the amount of commission revenue generated from the identified premiums. The customer lists are expected to have useful lives of 13 years and 4 months. The Company recognized $21 and $43 of amortization expense related to its intangible assets for the six months ended June 30, 2020 and the year ended December 31, 2019, respectively. The Company recognized $10 of amortization expense for the three months ended June 30, 2020.

Impairment exists when a reporting unit’s carrying value exceeds it fair value. At June 30, 2020, the Company’s reporting unit had positive equity and the Company elected to perform a qualitative assessment to determine if it was more likely than not that the fair value of the reporting unit exceeded its carrying value, including goodwill. The qualitative assessment indicated that it was more likely than not that the fair value of the reporting unit exceeded its carrying value, resulting in no impairment.

As of June 30, 2020, the future amortization expense for amortizable intangible assets for the respective years is as follows:


2020	$	21
2021		42
2022		42
2023		42
2024		42
Thereafter		31
Total	$	220