XML 23 R11.htm IDEA: XBRL DOCUMENT v3.25.1
Patents and Trademark Rights, Net
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Patents and Trademark Rights, Net

Note 5: Patents and Trademark Rights, Net

 

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

 Schedule of Patent and Trademark Rights

   March 31, 2025   December 31, 2024 
   Gross Carrying Value   Accumulated Amortization   Net Carrying Value   Gross Carrying Value   Accumulated Amortization   Net Carrying Value 
Patents  $2,981   $(808)  $2,173   $3,434   $(939)  $2,495 
Trademarks   232    (138)   94    232    (133)   99 
Net amortizable patents and trademarks rights  $3,213   $(946)  $2,267   $3,666   $(1,072)  $2,594 

 

December 31, 2024  $2,594 
Acquisitions   56 
Abandonments   (335)
Amortization   (48)
March 31, 2025  $2,267 

 

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 7 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:

 

Year Ending December 31,    
2025  $176 
2026   233 
2027   218 
2028   212 
2029   196 
Thereafter   1,232 
Total  $2,267