Note 3 – Intangibles, net

Intangibles, net consists of the following (in thousands):

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Finite-lived intangible assets are amortized using the straight-line method over their estimated useful life of 10 years. Amortization expense was nominal and $0.2 million for the three months ended March 31, 2023 and 2022, respectively. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years will be a nominal amount annually.