Note 5 - Intangible Assets

6 Months Ended

Jun. 30, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 

5

 – Intangible Assets 

The components of our intangible assets as of

June 30, 2019,

and

December 31, 2018,

are as follows (in thousands):

	June 30, 2019			December 31, 2018
Customer relationships	$	626		$	626
Patents and trademarks		441			441
Total intangible assets		1,067			1,067
Accumulated amortization		(136	)		(34	)
Net carrying value	$	931		$	1,033

The useful lives of our intangible assets are estimated to be

five

 years. Amortization expense was approximately

$51,000

and

$102,000

 for the

three

and

six

months ended

June 30, 

2019.

 

The following table represents the amortization expense for the next

five

years for the

twelve

months ending

June 30 (

in thousands): 

	2020		2021		2022		2023		2024
Customer relationships	$	125	$	125	$	125	$	125	$	41
Patents and trademarks		90		90		90		90		30
Total intangible asset amortization expense	$	215	$	215	$	215	$	215	$	71