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Goodwill and Intangible Assets, Net
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net Goodwill and Intangible Assets, Net
Goodwill
The following table provides a summary of goodwill activity for the nine months ended September 30, 2023 (in thousands):
Wound & SurgicalRegenerative MedicineGoodwill
Balance as of December 31, 2022
$19,441 $535 $19,976 
Impairment of goodwill— (535)(535)
Balance as of September 30, 2023
$19,441 $— $19,441 
There was no goodwill activity during the three months ended September 30, 2023 or during the three or nine months ended September 30, 2022.
Impairment of Regenerative Medicine Business Unit
On June 20, 2023, the Company announced the disbanding of its Regenerative Medicine business unit and the suspension of its Knee Osteoarthritis clinical trial program. As a result of this event, the Company evaluated goodwill associated with the Regenerative Medicine reporting unit for potential impairment. The Company estimated fair value for the reporting unit using the income approach; specifically, a discounted cash flow method. As a result of this assessment, management concluded that the carrying value of the reporting unit exceeded its carrying value by an amount that exceeded its goodwill balance. Accordingly, the Company recognized an impairment loss for the full amount of the goodwill ascribed to the Regenerative Medicine reporting unit. The impairment loss is included as a component of restructuring expense in the unaudited condensed statement of operations for the nine months ended September 30, 2023.
Intangible Assets, Net
Intangible assets, net, are summarized as follows (in thousands):
September 30, 2023December 31, 2022
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Amortized intangible assets
Patents and know-how$9,969 $(7,638)$2,331 $9,923 $(7,106)$2,817 
Licenses1,000 (42)958 1,000 (4)$996 
Total amortized intangible assets$10,969 $(7,680)$3,289 $10,923 $(7,110)$3,813 
Unamortized intangible assets:
Tradenames and trademarks$1,008 $1,008 $1,008 $1,008 
Patents in Process1,098 1,098 1,031 1,031 
Total intangible assets$13,075 $5,395 $12,962 $5,852 
Expected future amortization of intangible assets as of September 30, 2023, is as follows (in thousands):
Year ending December 31,Estimated
Amortization
Expense
2023 (excluding the nine months ended September 30, 2023)
$190 
2024759 
2025364 
2026210 
2027209 
Thereafter1,557 
Total amortized intangible assets$3,289