Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

v3.23.2
Intangible Assets, Net (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets
Intangible assets consist of the following:
June 30, 2023 December 31, 2022
(in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Amortizable intangible assets:
Patents $ 4,322  $ (711) $ 3,611  $ 3,792  $ (621) $ 3,170 
License agreements 1,101  (1,068) 34  1,101  (1,014) 87 
Total amortizable intangible assets 5,423  (1,779) 3,645  4,893  (1,635) 3,258 
Unamortized intangible assets:
Trademarks 403  —  403  391  —  391 
Total intangible assets $ 5,827  $ (1,779) $ 4,048  $ 5,284  $ (1,635) $ 3,649 
Schedule of indefinite-lived intangible assets
Intangible assets consist of the following:
June 30, 2023 December 31, 2022
(in thousands) Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount
Amortizable intangible assets:
Patents $ 4,322  $ (711) $ 3,611  $ 3,792  $ (621) $ 3,170 
License agreements 1,101  (1,068) 34  1,101  (1,014) 87 
Total amortizable intangible assets 5,423  (1,779) 3,645  4,893  (1,635) 3,258 
Unamortized intangible assets:
Trademarks 403  —  403  391  —  391 
Total intangible assets $ 5,827  $ (1,779) $ 4,048  $ 5,284  $ (1,635) $ 3,649 
Schedule of amortization expense
Amortization expense is as follows:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2023 2022 2023 2022
Amortization expense $ 73  $ 63  $ 144  $ 132 
Schedule of future amortization
As of June 30, 2023, future amortization of patents and license agreements is as follows:
Year Ending December 31, (in thousands)
2023 (excluding the six months ended June 30, 2023) $ 121 
2024 208 
2025 208 
2026 207 
2027 203 
Thereafter 2,698 
Total $ 3,645 
Schedule of royalty expenses
Royalty fee expense included in sales and marketing expense is as follows:
Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2023 2022 2023 2022
Royalty fee expense $ 868  $ 766  $ 1,698  $ 1,439