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Intangible Assets, Net (Tables)
12 Months Ended
Dec. 31, 2024
Intangible Assets, Net [Abstract]  
Schedule of Major Components of Intangible Assets

Major components of intangible assets as of December 31, 2024 are as follows (in thousands):

 

 

Useful Lives

 

Cost

 

 

Accumulated
Amortization

 

 

Total

 

License agreements

 

20 years

 

$

2,043

 

 

$

(1,132

)

 

$

911

 

Patent costs

 

 

 

 

1,273

 

 

 

 

 

 

1,273

 

Trademark costs

 

 

 

 

217

 

 

 

 

 

 

217

 

Total

 

 

 

$

3,533

 

 

$

(1,132

)

 

$

2,401

 

 

Major components of intangible assets as of December 31, 2023, are as follows (in thousands):

 

 

Useful Lives

 

Cost

 

 

Accumulated
Amortization

 

 

Total

 

License agreements

 

20 years

 

$

2,043

 

 

$

(909

)

 

$

1,134

 

Patent costs

 

 

 

 

959

 

 

 

 

 

959

 

Trademark costs

 

 

 

 

194

 

 

 

 

 

194

 

Total

 

 

 

$

3,196

 

 

$

(909

)

 

$

2,287

 

Schedule of Future Amortization Expense for Intangible Assets

Future amortization expense for intangible assets as of December 31, 2024 is approximately as follows (in thousands):

 

Year Ending December 31,

 

Amount

 

2025

 

$

224

 

2026

 

 

102

 

2027

 

 

61

 

2028

 

 

61

 

2029

 

 

61

 

Thereafter

 

 

402

 

Total

 

$

911