InfuSystem Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Intangible Assets

9 Months Ended

Sep. 30, 2018

5 .	Intangible Assets

The carrying amount and accumulated amortization of intangible assets is comprised of the following (in thousands):

	September 30, 2018							December 31, 2017
	Gross Assets		Accumulated Amortization			Net		Gross Assets		Accumulated Amortization			Net
Nonamortizable intangible assets
Trade names	$	2,000	$	-		$	2,000	$	2,000	$	-		$	2,000
Amortizable intangible assets:
Trade names		23		(23	)		-		23		(23	)		-
Physician and customer relationships		36,534		(23,582	)		12,952		36,534		(21,801	)		14,733
Non-competition agreements		1,136		(1,136	)		-		1,136		(1,125	)		11
Software		11,230		(5,180	)		6,050		11,230		(3,460	)		7,770

Total nonamortizable and amortizable intangible assets	$	50,923	$	(29,921	)	$	21,002	$	50,923	$	(26,409	)	$	24,514

Amortization expense for the

three

and

nine

months ended

September 30, 2018

was

$1.2

million and

$3.5

million, respectively, compared to

$1.4

million and

$4.2

million for the same prior year periods, respectively. Expected annual amortization expense for intangible assets recorded as of

September 30, 2018

is as follows (in thousands):