Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets net Intangible assets, net, consisted of the following:

 

 

September 30,

 

 

December 31,

 

(in thousands)

 

2021

 

 

2020

 

Intangible assets, gross

 

$

94,065

 

 

$

8,297

 

Capitalized patent costs not yet subject to amortization

 

 

817

 

 

 

469

 

Intangible assets subject to amortization, gross

 

 

93,248

 

 

 

7,828

 

Accumulated amortization, beginning balance

 

 

(6,496

)

 

 

(5,996

)

Amortization in the quarter ended:

 

 

 

 

 

 

March 31

 

 

(124

)

 

 

(125

)

June 30

 

 

(125

)

 

 

(125

)

September 30

 

 

(657

)

 

 

(125

)

December 31

 

 

-

 

 

 

(125

)

Accumulated amortization, ending balance

 

 

(7,402

)

 

 

(6,496

)

Intangible assets subject to amortization, net

 

 

85,846

 

 

 

1,332

 

Total intangible assets, net

 

$

86,663

 

 

$

1,801

 

 

Summary of Estimated Amortization Expense

We expect intangible assets currently subject to amortization will amortize over the coming years as follows:

(in thousands)

 

 

 

Year Ending December 31:

 

Amortization Expense

 

2021 remaining

 

$

1,192

 

2022

 

 

4,770

 

2023

 

 

4,606

 

2024

 

 

4,271

 

2025

 

 

4,271

 

2026 and thereafter

 

 

66,736