Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

Intangible Assets

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

5.	Intangible Assets

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

	Weighted Average	September 30, 2019							December 31, 2018
	Amortization Period	Gross Carrying		Accumulated			Net Carrying		Gross Carrying		Accumulated			Net Carrying
Intangibles (amount in thousands)	(Years)	Amount		Amortization			Amount		Amount		Amortization			Amount

Patent	11	$	740	$	(353	)	$	387	$	728	$	(336	)	$	392
Software	3		414		(407	)		7		410		(403	)		7
Customer relationships	10		3,370		(2,657	)		713		3,370		(2,491	)		879
Permit	10		545		(545	)		―		545		(538	)		7
Total		$	5,069	$	(3,962	)	$	1,107	$	5,053	$	(3,768	)	$	1,285

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 Company had only one definite-lived permit that was subject to amortization. This definite-lived permit was fully amortized in the first quarter of 2019.

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

	Amount
Year	(In thousands)

2019 (remaining)	$	61
2020		219
2121		199
2022		173
2023		132

Amortization expense relating to the definite-lived intangible assets as discussed above was $60,000 and $194,000 for the three and nine months ended September 30, 2019, respectively, and $84,000 and $253,000 for the three and nine months ended September 30, 2018, respectively.