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Intangible Assets
9 Months Ended
Sep. 30, 2024
Intangible Assets  
Intangible Assets

Note 4 – Intangible Assets

Intangible assets of the Company are summarized as follows:

    

September 30, 2024

    

December 31, 2023

Gross Carrying

Accumulated

Gross Carrying

Accumulated

    

Amount

    

Amortization

    

Amount

    

Amortization

Intangible assets:

Licenses

$

149

$

(67)

$

149

$

(61)

Patents

135

(10)

92

(5)

Patents pending

 

1,708

 

 

1,444

 

Trademarks

13

13

Trademarks pending

 

25

 

 

18

 

Total amortized intangible assets

$

2,030

$

(77)

$

1,716

$

(66)

Amortization expense for intangible assets is summarized as follows:

Three Months Ended September 30, 

Nine Months Ended September 30, 

 

    

2024

    

2023

2024

    

2023

 

Amortization expense

$

4

$

3

$

11

$

11

Useful lives of intangible assets range from three to 20 years. Amortization expenses are allocated ratably across Operating Expenses based on Company personnel costs incurred.