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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS |
GOODWILL AND OTHER INTANGIBLE ASSETS | (6) GOODWILL AND OTHER INTANGIBLE ASSETS During the year ended December 31, 2021 the Company completed the acquisition of Kestrel, which resulted in goodwill of $20.4 million (see Note 5 – Business Combinations). As of June 30, 2023, there was no change in the carrying amount of goodwill, and there were no impairment indicators of the Company’s net asset value. The following table provides the summary of the Company’s intangible assets as of June 30, 2023. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted-
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | Average
​ |  | Gross | ​ | ​ | ​ | ​ | ​ | ​ |  | Remaining
​ |  | Carrying |  | Accumulated |  | Net Carrying |  | Life (in
​ |  | Amount |  | Amortization |  | Amount |  | years)
Acquired patents at December 31, 2022 | ​ | $ | 10,000 | ​ | $ | (933) | ​ | $ | 9,067 | ​ | 10.00
Amortization expense | ​ | ​ | ​ | ​ | ​ | (451) | ​ | ​ | (451) | ​ | ​
Acquired patents at June 30, 2023 | ​ | $ | 10,000 | ​ | $ | (1,384) | ​ | $ | 8,616 |  | 9.48
​ The following table summarizes the estimated future amortization expense to be recognized over the remainder of 2023, next five fiscal years, and periods thereafter: ​
​ | ​ | ​ | ​
​ |  | (In thousands)
July 1, 2023 through December 31, 2023 | ​ | ​ | 458
2024 | ​ |  | 911
2025 | ​ |  | 908
2026 | ​ |  | 908
2027 | ​ |  | 908
Thereafter | ​ |  | 4,523
Total future amortization expense | ​ | $ | 8,616
​

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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