Goodwill and Intangible Assets, Net (Tables)
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12 Months Ended |
Dec. 31, 2023 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Schedule of Changes in Carrying Amount of Goodwill |
The following table indicates the changes in the carrying amount of goodwill for 2023 and 2022 (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | Goodwill | | | | | Balance as of January 1, 2022 | | | | $ | 19,441 | | | | | | Activity | | | | — | | | | | | Balance as of December 31, 2022 | | | | $ | 19,441 | | | | | | Activity | | | | — | | | | | | Balance as of December 31, 2023 | | | | $ | 19,441 | | | | | | | | | | | | | | | | | | | | | | | |
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Schedule of Intangible Assets Net |
Intangible assets, net, are summarized as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | December 31, 2022 | | Gross Carrying Amount | Accumulated amortization | Net Carrying Amount | | Gross Carrying Amount | Accumulated amortization | Net Carrying Amount | Amortized intangible assets | | | | | | | | Patents and know-how | $ | 10,039 | | $ | (7,818) | | $ | 2,221 | | | $ | 9,923 | | $ | (7,106) | | $ | 2,817 | | Licenses | 1,000 | | (54) | | 946 | | | 1,000 | | (4) | | 996 | | | | | | | | | | | | | | | | | | Total amortized intangible assets | $ | 11,039 | | $ | (7,872) | | $ | 3,167 | | | $ | 10,923 | | $ | (7,110) | | $ | 3,813 | | | | | | | | | | Unamortized intangible assets | | | | | | | | Tradenames and trademarks | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | Patents in process | 1,082 | | | 1,082 | | | 1,031 | | | 1,031 | | Total intangible assets | $ | 13,129 | | | $ | 5,257 | | | $ | 12,962 | | | $ | 5,852 | |
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Schedule of Amortization and Impairment Expense |
Intangible assets, net, are summarized as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | | December 31, 2022 | | Gross Carrying Amount | Accumulated amortization | Net Carrying Amount | | Gross Carrying Amount | Accumulated amortization | Net Carrying Amount | Amortized intangible assets | | | | | | | | Patents and know-how | $ | 10,039 | | $ | (7,818) | | $ | 2,221 | | | $ | 9,923 | | $ | (7,106) | | $ | 2,817 | | Licenses | 1,000 | | (54) | | 946 | | | 1,000 | | (4) | | 996 | | | | | | | | | | | | | | | | | | Total amortized intangible assets | $ | 11,039 | | $ | (7,872) | | $ | 3,167 | | | $ | 10,923 | | $ | (7,110) | | $ | 3,813 | | | | | | | | | | Unamortized intangible assets | | | | | | | | Tradenames and trademarks | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | | $ | 1,008 | | Patents in process | 1,082 | | | 1,082 | | | 1,031 | | | 1,031 | | Total intangible assets | $ | 13,129 | | | $ | 5,257 | | | $ | 12,962 | | | $ | 5,852 | |
Amortization expense and impairment expense for the years ended December 31, 2023, 2022, and 2021, is summarized in the table below (amounts in thousands): | | | | | | | | | | | | | | | | | | | Year ended December 31, | | 2023 | | 2022 | | 2021 | Amortization of intangible assets | $ | 762 | | | $ | 701 | | | $ | 820 | Impairment of intangible assets | — | | | — | | | 53 |
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Schedule of Estimated Future Amortization Expense of Intangible Assets |
Expected future amortization of intangible assets as of December 31, 2023, is as follows (in thousands): | | | | | | | Estimated | | Amortization | Year Ending December 31, | Expense | 2024 | $ | 764 | | 2025 | 369 | | 2026 | 214 | | 2027 | 214 | | 2028 | 211 | | Thereafter | 1,395 | | Total amortization expense | $ | 3,167 | |
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