Note 4 - Intangible Assets

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 4 – Intangible Assets 

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

	September 30, 2022			December 31, 2021
Customer relationships	$	626		$	626
Patents and trademarks		441			441
Total intangible assets		1,067			1,067
Accumulated amortization		(831	)		(668	)
Net carrying value	$	236		$	399

The useful lives of our intangible assets are estimated to be five years at inception. For the three and nine months ended September 30, 2022 and 2021, amortization expense was approximately $54,000 and $163,000, respectively. 

The following table represents the amortization expense for the twelve months ending September 30 (in thousands): 

	2023		2024		2025		2026		2027
Customer relationships	$	125	$	10	$	-	$	-	$	-
Patents and trademarks		93		8		-		-		-
Total intangible asset amortization expense	$	218	$	18	$	-	$	-	$	-