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Intangible Assets
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

5. Intangible Assets

 

The following table summarizes information relating to the Company’s definite-lived intangible assets:

 

   Weighted   June 30, 2024   December 31, 2023 
  

Average

   Gross       Net   Gross       Net 
   Amortization   Carrying   Accumulated   Carrying   Carrying   Accumulated   Carrying 
   Period (Years)   Amount   Amortization   Amount   Amount   Amortization   Amount 
Other Intangibles (amount in thousands)                            
Patents  8.3   $726   $(393)  $333   $710   $(387)  $323 
Software  3    673    (570)   103    667    (529)   138 
Total      $1,399   $(963)  $436   $1,377   $(916)  $461 

 

The intangible assets noted above are amortized on a straight-line basis over their useful lives.

 

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

 

Schedule of Finite Lived Intangible Assets, Future Amortization Expense

   Amount 
Year  (In thousands) 
     
2024 (Remaining)  $35 
2025   45 
2026   40 
2027   22 
2028   13 
Total  $155 

 

Amortization expenses relating to the definite-lived intangible assets as discussed above were $23,000 and $47,000 for the three and six months ended June 30, 2024, respectively, and $55,000 and $110,000 for the three and six months ended June 30, 2023, respectively.