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Patents, and Trademark Rights, Net
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents, and Trademark Rights, Net

Note 7: Patents, and Trademark Rights, Net

 

December 31, 2021  $1,974 
Acquisitions   375 
Abandonments and expirations   (190)
Amortization   (218)
December 31, 2022  $1,941 
Acquisitions   210 
Abandonments and expirations   (7)
Amortization   (106)
June 30, 2023  $2,038 

 

Patents and trademarks are stated at cost. Patents are amortized using the straight-line method over an estimated useful life of 17 years and 10 years, respectively.

 

Amortization of patents and trademarks for each of the next five years and thereafter is as follows:

 

Year Ending December 31,    
2023  $108 
2024   212 
2025   205 
2026   203 
2027   183 
Thereafter   1,127 
Total  $2,038