Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.22.2
Intangible Assets, Net (Tables)
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
The Company’s intangible assets consisted of the following (in thousands):
June 30, 2022 December 31, 2021
Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Amortizable intangible assets:
Patents $ 3,083  $ (304) $ 2,780  $ 2,469  $ (234) $ 2,235 
License agreements 1,101  (916) 185  1,101  (852) 249 
Total amortizable intangible assets 4,184  (1,219) 2,965  3,570  (1,086) 2,484 
Unamortized intangible assets
Trademarks 380  —  380  375  —  375 
Total intangible assets $ 4,565  $ (1,219) $ 3,346  $ 3,945  $ (1,086) $ 2,859 
Schedule of future amortization
Amortization expense consisted of the following (in thousands):
Three Months Ended June, 30 Six Months Ended June 30,
2022 2021 2022 2021
Amortization expense $ 63  $ 49  $ 132  $ 96 
Expected future amortization of intangible assets as of June 30, 2022, is as follows (in thousands):
Year Ending December 31, Expected Amortization Expense
2022 (excluding the six months ended June 30, 2022) $ 131 
2023 229 
2024 160 
2025 159 
2026 158 
Thereafter 2,128 
Total amortized intangible assets $ 2,965 
Schedule of royalty expenses
Royalty expense consisted of the following (in thousands):
Three Months Ended June, 30 Six Months Ended June 30,
2022 2021 2022 2021
Royalty expense $ 766  $ 709  $ 1,439  $ 1,350