Note 5 - Intangible Assets

6 Months Ended

Jun. 30, 2021

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 5 – Intangible Assets 

The components of our intangible assets are as follows (in thousands):

	June 30, 2021			December 31, 2020
Customer relationships	$	626		$	626
Patents and trademarks		441			441
Total intangible assets		1,067			1,067
Accumulated amortization		(559	)		(450	)
Net carrying value	$	508		$	617

The useful lives of our intangible assets are estimated to be five years. For the three and six months ended June 30, 2021, amortization expense was approximately $54,000 and $109,000, respectively. For the three and six months ended June 30, 2020, amortization expense was approximately $51,000 and $102,000, respectively. 

The following table represents the amortization expense for the next five years for the twelve months ending June 30 (in thousands): 

	2022		2023		2024		2025		2026
Customer relationships	$	125	$	125	$	41	$	-	$	-
Patents and trademarks		93		93		31		-		-
Total intangible asset amortization expense	$	218	$	218	$	72	$	-	$	-