Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

6. Intangible Assets

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

	Weighted Average		March 31, 2020							December 31, 2019
	Amortization Period		Gross Carrying		Accumulated			Net Carrying		Gross Carrying		Accumulated			Net Carrying
	(Years)		Amount		Amortization			Amount		Amount		Amortization			Amount
Intangibles (amount in thousands)
Patent		11	$	761	$	(364	)	$	397	$	760	$	(358	)	$	402
Software		3		420		(408	)		12		414		(408	)		6
Customer relationships		10		3,370		(2,761	)		609		3,370		(2,713	)		657
Total			$	4,551	$	(3,533	)	$	1,018	$	4,544	$	(3,479	)	$	1,065

The intangible assets noted above are amortized on a straight-line basis over their useful lives with the exception of customer relationships which are being amortized using an accelerated method.

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

	Amount
Year	(In thousands)

2020(remaining)	$	167
2021		202
2022		175
2023		132
2024		10

Amortization expenses relating to the definite-lived intangible assets as discussed above were $54,000 and $73,000 for the three months ended March 31, 2020 and 2019, respectively.