| Intangible Assets, Net Intangible assets, net, consisted of the following (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | April 30, 2024 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Amortization Period | Amortizable intangible assets | | | | | | | | | Customer relationships | $ | 3,119 | | | $ | (286) | | | $ | 2,833 | | | 10 years | | Restrictive covenant relationships | 186 | | | (85) | | | 101 | | | 2 years | | Trademark | 465 | | | (427) | | | 38 | | | 1 year | | Total amortizable intangible assets | 3,770 | | | (798) | | | 2,972 | | | | Non-amortizable intangible assets | | | | | | | | | Technology licenses | 500 | | | — | | | 500 | | | n/a | | Total intangible assets, net | $ | 4,270 | | | $ | (798) | | | $ | 3,472 | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | January 31, 2024 | | Gross Carrying Amount | | Accumulated Amortization | | Net Carrying Amount | | Amortization Period | Amortizable intangible assets | | | | | | | | | Customer relationships | $ | 3,119 | | | $ | (208) | | | $ | 2,911 | | | 10 years | | Restrictive covenant relationships | 186 | | | (62) | | | 124 | | | 2 years | | Trademark | 465 | | | (310) | | | 155 | | | 1 year | | Total amortizable intangible assets | 3,770 | | | (580) | | | 3,190 | | | | Non-amortizable intangible assets | | | | | | | | | Technology licenses | 500 | | | — | | | 500 | | | n/a | | Total intangible assets, net | $ | 4,270 | | | $ | (580) | | | $ | 3,690 | | | |
Intangible amortization expense was approximately $0.2 million for the three months ended April 30, 2024. There were no amortizable intangible assets in the three months ended April 30, 2023; therefore, no intangible amortization expense was recorded.
The future intangible amortization expense by fiscal year is as follows (in thousands): | | | | | | | Amount | | Remainder of 2025 | $ | 342 | | | 2026 | 343 | | 2027 | 312 | | 2028 | 312 | | 2029 | 312 | | Thereafter | 1351 | | Total | $ | 2,972 | |
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