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

Note 6 - Intangible Assets

9 Months Ended

Sep. 30, 2019

Intangible Assets

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

	September 30, 2019							December 31, 2018
	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		(25,956	)		10,578		36,534		(24,175	)		12,359
Non-competition agreements		1,136		(1,136	)		-		1,136		(1,136	)		-
Software		11,230		(7,269	)		3,961		11,230		(5,724	)		5,506

Total nonamortizable and amortizable intangible assets	$	50,923	$	(34,384	)	$	16,539	$	50,923	$	(31,058	)	$	19,865

Amortization expense for the

three

and

nine

months ended

September 30, 2019

was

$1.1

million and

$3.3

million, respectively, compared to

$1.2

million and

$3.5

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

September 30, 2019

is as follows (in thousands):