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Intangible Assets
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets INTANGIBLE ASSETS
The following table provides a summary of the Company’s intangible assets:
September 30, 2024 December 31, 2023
Cost Accumulated
Amortization
CostAccumulated
Amortization
Technology$46,470$12,343$46,470$10,084
Patents30,0005,77530,0002,400
Total$76,470$18,118$76,470$12,484
The following table summarizes the allocation of amortization expense of intangible assets:
Three Months Ended
September 30,
Nine Months Ended
September 30,
2024202320242023
Cost of revenues$1,125 $960 $3,375 $1,440 
Research and development expenses
761 739 2,259 2,215 
Total$1,886 $1,699 $5,634 $3,655 
Future amortization expense is projected as follows:
2024 (excluding the nine months ended September 30, 2024)
$1,885
20258,441
20269,535
202710,435
20286,535
2029 and thereafter
21,521
Total $58,352