The carrying value of intangible assets and their estimated useful life as of December 31, 2025 are as follows (dollars in thousands):


	Useful Life	Gross Amount		Accumulated Amortization			Net Book Value
Customer relationships	8 and 10 years	$	2,680	$	(1,299	)	$	1,381
Developed technology	5 and 7 years		710		(527	)		183
Trade name / trademarks	3 and 7 years		30		(25	)		5
		$	3,420	$	(1,851	)	$	1,569

The carrying value of intangible assets and their estimated useful life as of December 31, 2024 are as follows (dollars in thousands):


	Useful Life	Gross Amount		Accumulated Amortization			Net Book Value
Customer relationships	8 and 10 years	$	2,680	$	(1,007	)	$	1,673
Developed technology	5 and 7 years		710		(414	)		296
Trade name / trademarks	3 and 7 years		30		(23	)		7
		$	3,420	$	(1,444	)	$	1,976

During the years ended December 31, 2025 and 2024, we recorded $0.4 million of amortization expense on intangible assets. The Company expects to record amortization for the years ended December 31 as follows (in thousands):


2026	$	356
2027		355
2028		338
2029		174
2030		174
Thereafter		172
	$	1,569