Note 5 - Intangible Assets

3 Months Ended

Mar. 31, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 

5

 – Intangible Assets 

The components of our intangible assets as of

March 31, 2019 

and

December 31, 2018 

are as follows (in thousands):

	March 31, 2019			December 31, 2018
Customer relationships	$	626		$	626
Patents and trademarks		441			441
Total intangible assets		1,067			1,067
Accumulated amortization		(85	)		(34	)
Net carrying value	$	982		$	1,033

The useful lives of our intangible assets are estimated to be

five

 years. Amortization expense was approximately

$51,000

for the

three

months ended

March 31, 

2019.

 

The following table represents the amortization expense for the next

five

years for the

twelve

months ending

March 31 (

in thousands):

	2020		2021		2022		2023		2024
Customer relationships	$	125	$	125	$	125	$	125	$	73
Intellectual property		80		80		80		80		46
Total intangible asset amortization expense	$	205	$	205	$	205	$	205	$	119