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Patents and Trademark Rights, Net

12 Months Ended

Dec. 31, 2024

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, 2024												December 31, 2023
		Gross Carrying Value				Accumulated Amortization				Net Carrying Value				Gross Carrying Value				Accumulated Amortization				Net Carrying Value
Patents		$	3,434			$	(939	)		$	2,495			$	2,947			$	(750	)		$	2,197
Trademarks			232				(133	)			99				229				(113	)			116
Net amortizable patents and trademarks rights		$	3,666			$	(1,072	)		$	2,594			$	3,176			$	(863	)		$	2,313

Patent and trademark rights acquisitions, abandonments and amortization:

Schedule of Changes in Patents, Trademark Rights

December 31, 2023		$	2,313
Acquisitions			538
Abandonments and expirations			(48	)
Amortization			(209	)
December 31, 2024		$	2,594

Patents and trademarks are stated at cost (primarily legal fees) and are amortized using the straight-line method over an estimated useful life of 17 years for patents and 10 years for trademarks. The weighted remaining average amortization period is approximately 12 years for patents and 6 years for trademarks, respectively. The company expenses annuity costs related to its trademarks and patents.

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

Schedule of Amortization of Patents and Trademarks

Year Ending December 31,
2025		$	283
2026			278
2027			249
2028			229
2029			211
Thereafter			1,344
Total		$	2,594

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- References

No definition available.

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- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-4

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482665/350-30-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481283/985-20-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 985
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/985-20/tableOfContent

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