Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net (Tables)

v3.22.4
Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets
Intangible assets consist of the following:
December 31, 2022 December 31, 2021
(in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Amortizable intangible assets:
Patents $ 3,792  $ (621) $ 3,170  $ 2,469  $ (234) $ 2,235 
License agreements 1,101  (1,014) 87  1,101  (852) 249 
Total amortizable intangible assets 4,893  (1,635) 3,258  3,570  (1,086) 2,484 
Unamortized intangible assets:
Trademarks 391  —  391  375  —  375 
Total intangible assets $ 5,284  $ (1,635) $ 3,649  $ 3,945  $ (1,086) $ 2,859 
Schedule of indefinite-lived intangible assets
Intangible assets consist of the following:
December 31, 2022 December 31, 2021
(in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Amortizable intangible assets:
Patents $ 3,792  $ (621) $ 3,170  $ 2,469  $ (234) $ 2,235 
License agreements 1,101  (1,014) 87  1,101  (852) 249 
Total amortizable intangible assets 4,893  (1,635) 3,258  3,570  (1,086) 2,484 
Unamortized intangible assets:
Trademarks 391  —  391  375  —  375 
Total intangible assets $ 5,284  $ (1,635) $ 3,649  $ 3,945  $ (1,086) $ 2,859 
Schedule of amortization expense
The amortization expense is as follows for the years ended:
December 31,
2022 2021 2020
Amortization expense $ 265  202  153 
Schedule of future amortization
As of December 31, 2022, future amortization of patents and license agreements are as follows:
Year Ending December 31, (in thousands)
2023 $ 250 
2024 181 
2025 181 
2026 180 
2027 176 
Thereafter 2,290 
Total $ 3,258 
Schedule of royalty expenses
Royalty fees included in sales and marketing on the consolidated statement of operations are as follows for the years ended:
December 31,
2022 2021 2020
Royalty fees $ 3,103  $ 2,715  $ 2,289