XML 37 R22.htm IDEA: XBRL DOCUMENT v3.23.1
Note 15 - CSI Distribution Agreement Purchase Disclosure
12 Months Ended
Dec. 31, 2022
Notes  
Note 15 - CSI Distribution Agreement Purchase Disclosure

Note 15 – Distribution Agreement Purchase

 

UTMD completed the purchase of exclusive U.S. distribution rights for the Filshie Clip System from CooperSurgical, Inc. (CSI) on February 1, 2019, after which CSI no longer sells the Filshie Clip System and UTMD distributes the Filshie Clip System directly to clinical facilities in the U.S. The $21,000 purchase price represents an identifiable intangible asset which will be straight-line amortized and recognized as part of G&A expenses over the 4.75 year remaining life of the prior CSI distribution agreement with Femcare.  The agreement will be fully amortized in 4th quarter 2023.  As part of the agreement, UTMD also purchased the remaining CSI inventory for approximately $2,100.