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Intangible Assets
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Note 5. Intangible Assets
Intangible assets, net consisted of the following as of December 31, 2023:
(in thousands)Gross ValueAccumulated AmortizationNet ValueWeighted Average Remaining Amortization Period (In Years)
Patents/Intellectual Property$519 $(177)$341 6.3
Total$519 $(177)$341 
Intangible assets, net consisted of the following as of December 31, 2022:
(in thousands)Gross ValueAccumulated AmortizationNet ValueWeighted Average Remaining Amortization Period (In Years)
Patents/Intellectual Property$461 $(124)$337 7.0
Total$461 $(124)$337 
Amortization expense related to intangible assets was $0.05 million and $0.11 million for the years ended December 31, 2023 and 2022, respectively.
As of December 31, 2023, the future estimated amortization expense related to intangible assets is as follows:
(in thousands)
2024$58 
202558 
202658 
202758 
202849 
Thereafter60 
Total$341