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

Note 6 - Intangible Assets

6 Months Ended

Jun. 30, 2020

Intangible Assets

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

	June 30, 2020							December 31, 2019
	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		(27,737	)		8,797		36,534		(26,550	)		9,984
Software		11,230		(8,714	)		2,516		11,230		(7,751	)		3,479

Total nonamortizable and amortizable intangible assets	$	49,787	$	(36,474	)	$	13,313	$	49,787	$	(34,324	)	$	15,463

Amortization expense for the

three

and

six

months ended

June 30, 2020

was

$1.1

million and

$2.1

million, respectively, compared to

$1.1

million and

$2.2

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

June 30, 2020

is as follows (in thousands):