Intangible Assets

9 Months Ended

Sep. 30, 2023

Intangible Assets

Intangible Assets

11. Intangible Assets

	September 30,		December 31,
	2023		2022
Computer software	$	1,728	$	350
Customer relationships		26,849		26,651
Licenses		8,042		-
Technology		25,050		15,650
Trademarks		16		16
Tradename		2,850		2,850
Website		962		962
		65,497		46,479
Accumulated amortization		8,569		4,680
Net intangibles	$	56,928	$	41,799

Included within intangibles are Qorvo related licenses of $7,479 comprised of a one-time license fee of $4,000 that was paid on the effective date of the agreement and the discounted value of an obligation to make a second $4,000 payment upon completion of the installation qualification process for a cartridge production line. The liability associated with the second payment is being recorded in the “Liability Due to Qorvo” line in our Condensed Consolidated Balance Sheets.

In addition, included within intangibles are $563 in licenses associated with future exclusivity to sell products should we determine that they have both market viability and are a complementary fit within our suite of offerings. As these relationships are still in the exploratory phase with no revenue stream to match expenses against nor a guarantee that this exclusivity will ever be used, we are considering these to be indefinite lived as of September 30, 2023. This accounts for the difference between the net intangibles as found within our consolidated balance sheets and the amortization table below. We will continue to assess the commercialization status and relationship with these companies on a quarterly basis and will adjust our amortization schedules accordingly.

The estimated future amortization of intangible assets is as follows:

2023	$	1,578
2024		6,259
2025		6,095
2026		5,632
2027 and beyond		36,801
Total	$	56,365

Amortization expense for the nine months ended September 30, 2023 and 2022 was $3,890 and $2,540, respectively.