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Note 11 - Intangibles
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

(11) Intangibles

 

Patent costs associated with the application and award of patents in the U.S. and various other countries are capitalized and amortized on a straight-line basis over the term of the patents as determined at the award date, which varies depending on the pendency period of the application, but generally approximates seventeen years.

 

Amortization of intangible assets acquired is calculated using the straight-line method over the estimated useful lives of the assets.

 

  

Estimated Life

  

December 31,

  

December 31,

 
  

(years)

  

2023

  

2022

 

Capitalized patent costs

 

~17

  $9,231  $10,646 
             

Intangible assets acquired:

            

Purchased intellectual property

  10   250   250 

Developed technology

  5   22,836   21,661 

Customer relationships

  10   10,913   10,351 

Gross intangible assets

      43,230   42,908 

Accumulated amortization

      (14,772)  (9,738)

Intangibles, net

     $28,458  $33,170 

 

The amortization of capitalized patent costs, purchased intellectual property, and developed technology is recorded in “cost of revenue” and the amortization of customer relationships is recorded in “operating expenses” in the Consolidated Statements of Operations.

 

Amortization expense on intangible assets was as follows:  

 

  

Year Ended December 31,

 
  

2023

  

2022

 

Amortization expense

 $6,097  $6,078 

 

For intangible assets recorded at December 31, 2023, the estimated future aggregate amortization expense for the years ending December 31, 2024 through December 31, 2028 is as follows:

 

  

Amortization

 

Year Ended December 31,

 

Expense

 

2024

 $6,194 

2025

  6,175 

2026

  6,142 

2027

  1,542 

2028

  1,531