Note 5 - Intangible Assets

9 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 

5

 – Intangible Assets 

The components of our intangible assets consist of the following (in thousands):

	September 30, 2020			December 31, 2019
Customer relationships	$	626		$	626
Patents and trademarks		441			441
Total intangible assets		1,067			1,067
Accumulated amortization		(395	)		(239	)
Net carrying value	$	672		$	828

The useful lives of our intangible assets are estimated to be

five

 years. Amortization expense was approximately 

$54,000

 and

$156,000

 for the

three

and

nine

months ended

September 

30,

2020.

 Amortization expense was approximately 

$51,000

 and

$154,000

 for the

three

and

nine

months ended

September 

30,

2019.

The following table represents the amortization expense for the next

five

years for the

twelve

months ending

September 30 (

in thousands): 

	2021		2022		2023		2024
Customer relationships	$	125	$	125	$	125	$	10
Patents and trademarks		93		93		93		8
Total intangible asset amortization expense	$	218	$	218	$	218	$	18