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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS  
Summary of intangible assets

The following table provides the summary of the Company’s intangible assets as of December 31, 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

(909)

(909)

Acquired patents at December 31, 2023

$

10,000

$

(1,842)

$

8,158

 

9.00

Summary of estimated future amortization expense to be recognized

    

December 31, 

    

(In thousands)

2024

911

2025

 

908

2026

 

908

2027

 

908

2028

 

911

Thereafter

 

3,612

Total future amortization expense

$

8,158