Note 6 – Intangible assets

Intangible assets

The Company’s intangible assets (in thousands) and related useful lives (in years) are as follows:

 Schedule of Intangible Assets

Amortization expense was $0.38 million and $1.15 million for the for the three and nine months ended September 30, 2023 and September 30, 2022, respectively.

The estimated future amortization of intangible assets over the remaining weighted average useful life of 8.3 years is as follows (in thousands):

 Schedule of Future Amortization of Intangible Assets

The Company assesses intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be fully recoverable. If impairment indicators are present, the Company performs a recoverability test by comparing the sum of the estimated undiscounted future cash flows attributable to these long-lived assets to their carrying value. There were no indicators of impairment of the intangible assets as of September 30, 2023.