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Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule Of Company's Intangible Assets

The Company’s intangible assets consisted of the following for the dates indicated (in thousands):

 

 

 

 

 

 

March 31, 2024

 

 

 

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Strategic contract

 

$

7,000

 

 

$

(117

)

 

$

6,883

 

Capitalized software

 

 

1,432

 

 

 

(153

)

 

 

1,279

 

Total

 

$

8,432

 

 

$

(270

)

 

$

8,162

 

 

 

 

 

 

 

December 31, 2023

 

 

 

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net Carrying Amount

 

Strategic contract

 

$

7,000

 

 

$

(28

)

 

$

6,972

 

Capitalized software

 

 

1,230

 

 

 

(93

)

 

 

1,137

 

Total

 

$

8,230

 

 

$

(121

)

 

$

8,109

 

Schedule of Expected Amortization Expenses The Company expects to record amortization expense as follows over the next five subsequent years (in thousands):

 

 

 

 

 

Remaining Year Ended December 31, 2024

 

$

450

 

Year Ended December 31, 2025

 

 

599

 

Year Ended December 31, 2026

 

 

599

 

Year Ended December 31, 2027

 

 

599

 

Year Ended December 31, 2028

 

 

508