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Intangible Assets
12 Months Ended
Dec. 31, 2024
Intangible Assets  
Intangible Assets

3. Intangible Assets

 

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

 

 

 

Estimated useful lives

 

 

As of December 31,

 

 

 

(in years)

 

 

2024

 

 

2023

 

Tradename

 

 

5

to

7

 

 

$

555

 

 

$

555

 

Patents and technological know-how

 

 

10

to

20  

 

 

 

7,298

 

 

 

7,187

 

Proprietary software

 

 

3

to

15

 

 

 

2,981

 

 

 

2,981

 

Other

 

 

3

to

5

 

 

 

323

 

 

 

324

 

Total intangible assets, gross

 

 

 

 

 

 

 

 

11,157

 

 

 

11,047

 

Accumulated amortization

 

 

 

 

 

 

 

 

(9,618

)

 

 

(9,358

)

Total intangible assets, net

 

 

 

 

 

 

 

$

1,539

 

 

$

1,689

 

 

During the years ended December 31, 2024 and 2023, amortization of these intangible assets were $260 and $517 respectively.

. 

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

 

Years ending December 31,

 

 

 

 

2025

 

$

201

 

2026

 

 

200

 

2027

 

 

70

 

2028

 

 

26

 

2029

 

 

26

 

Thereafter

 

 

1,016

 

Total

 

$

1,539