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NOTE 7 – INTANGIBLE ASSETS
Intangible assets consisted of the following:
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(in thousands) |
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June 30, 2024 |
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December 31, 2023 |
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Estimated Useful Life in Years |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Value |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Carrying Value |
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| Amortizing Intangible Assets: |
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| Operating Licenses |
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14 |
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$ |
7,891 |
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$ |
(4,802 |
) |
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$ |
3,089 |
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$ |
4,769 |
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|
$ |
(4,769 |
) |
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$ |
— |
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| Total Amortizing Intangible Assets |
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7,891 |
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(4,802 |
) |
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3,089 |
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4,769 |
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(4,769 |
) |
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— |
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| Non-Amortizing Intangible Assets: |
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| Trade Name |
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Indefinite |
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530 |
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— |
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|
530 |
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|
530 |
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— |
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|
530 |
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| Total Non-Amortizing Intangible Assets |
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530 |
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— |
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|
530 |
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|
530 |
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— |
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|
530 |
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| Total Intangible Assets, Net |
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$ |
8,421 |
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$ |
(4,802 |
) |
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$ |
3,619 |
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$ |
5,299 |
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$ |
(4,769 |
) |
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$ |
530 |
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Amortization expense related to continuing operations was $0.03 million and $0.0 million for the three months ended June 30, 2024 and 2023, respectively, and $0.03 million and $0.0 million for the six months ended June 30, 2024 and 2023, respectively.
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