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

5. Intangible Assets

 

Intangible assets as of September 30, 2024 and December 31, 2023 consisted of the following:

 

 

 

Estimated useful lives (years)

 

 

September 30, 2024

 

 

December 31, 2023

 

Tradename

 

 5

to

7

 

 

$

555

 

 

$

555

 

Patents and technological know-how

 

10

to

20

 

 

 

7,275

 

 

 

7,187

 

Proprietary software

 

 3

to

15

 

 

 

2,981

 

 

 

2,981

 

Other

 

 3

to

5

 

 

 

323

 

 

 

324

 

Total intangible assets

 

 

 

 

 

 

 

11,134

 

 

 

11,047

 

Accumulated amortization

 

 

 

 

 

 

 

(9,567

)

 

 

(9,358

)

Total intangible assets, net

 

 

 

 

 

 

$

1,567

 

 

$

1,689

 

 

The amortization of intangible assets for three and nine months ended September 30, 2024 and 2023 was as follows: 

 

 


Three months ended September 30,


Nine months ended September 30,

 


2024

2023

2024


2023

Amortization of intangible assets


$ 49

$ 141

$ 209

$ 388

 

The estimated future amortization expense of intangible assets is as follows:

 

Years ending December 31,

 

Amount

 

2024 (Remainder)

 

$

50

 

2025

 

 

199

 

2026

 

 

199

 

2027

 

 

69

 

2028

 

 

24

 

Thereafter

 

 

1,026

 

Total

 

$  

1,567