Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill (Tables)

v3.22.2
Intangible Assets and Goodwill (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of intangible assets net

Intangible assets, net, consisted of the following:

 

 

June 30,

 

 

December 31,

 

(in thousands)

 

2022

 

 

2021

 

Intangible assets, gross

 

$

93,447

 

 

$

93,244

 

Capitalized patent costs not yet subject to amortization

 

 

1,003

 

 

 

869

 

Intangible assets subject to amortization, gross

 

 

92,444

 

 

 

92,375

 

Accumulated amortization, beginning balance

 

 

(8,585

)

 

 

(6,496

)

Amortization in the quarter ended:

 

 

 

 

 

 

March 31

 

 

(1,181

)

 

 

(124

)

June 30

 

 

(1,186

)

 

 

(125

)

September 30

 

 

-

 

 

 

(657

)

December 31

 

 

-

 

 

 

(1,183

)

Accumulated amortization, ending balance

 

 

(10,952

)

 

 

(8,585

)

Intangible assets subject to amortization, net

 

 

81,492

 

 

 

83,790

 

Total intangible assets, net

 

$

82,495

 

 

$

84,659

 

Schedule of Goodwill

Changes in the carrying amount of goodwill were as follows:

 

 

June 30,

 

(in thousands)

 

2022

 

Balance at beginning of period

 

$

62,649

 

Adjustment of estimate of fair value of liabilities assumed related to Danimer Catalytic Technologies acquisition

 

 

14

 

Balance at end of period

 

$

62,663