Note 5 - Intangible Assets

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 

5

 

– Intangible Assets

The components of our intangible assets as of

December 31, 2019 

and

2018

 are as follows (in thousands):

	December 31,
	2019			2018
Customer relationships	$	626		$	626
Patents and trademarks		441			441
Total intangible assets		1,067			1,067
Accumulated amortization		(239	)		(34	)
Net carrying value	$	828		$	1,033

The useful lives of our intangible assets are estimated to be

five

 years. Amortization expense was approximately

$205,000

for

2019.

 

The following table represents the amortization expense for the next

five

years (in thousands):

	2020		2021		2022		2023		2024
Customer relationships	$	125	$	125	$	125	$	104	$	-
Intellectual property		90		90		90		79		-
Total intangible asset amortization expense	$	215	$	215	$	215	$	183	$	-