XML 28 R10.htm IDEA: XBRL DOCUMENT v3.24.1
Patents and Trademark Rights, Net
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents and Trademark Rights, Net

(4) Patents and Trademark Rights, Net

 

Patent and trademark rights consist of the following (in thousands):

 

 Schedule of Patent and Trademark Rights

   December 31, 2023   December 31, 2022 
   Gross Carrying Value   Accumulated Amortization   Net Carrying Value   Gross Carrying Value   Accumulated Amortization   Net Carrying Value 
Patents  $2,947   $(750)  $2,197   $2,389   $(595)  $1,794 
Trademarks   229    (113)   116    216    (69)   147 
Net amortizable patents and trademarks rights  $3,176   $(863)  $2,313   $2,605   $(664)  $1,941 

 

The following table presents the changes in the patents and trademark rights:

     
  

(in thousands)

 
December 31, 2022  $1,941 
Acquisitions   585 
Abandonments   (14)
Amortization   (199)
December 31, 2023  $2,313 

 

Patents and trademarks are stated at cost (primarily legal fees) and are amortized using the straight-line method of the estimated useful life of 17 years and 10 years, respectively.

 

 

Amortization of patents and trademarks for each of the next five years is as follows (in thousands):

 

      
Year Ending December 31, 
2024  $241 
2025   232 
2026   230 
2027   208 
2028   189 
Thereafter   1,213 
Total  $2,313