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Intangible Assets, Net
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net

Note 4 - Intangible Assets, Net

 

Intangible assets as of September 30, 2022 and December 31, 2021 consisted of the following (in thousands):

 Schedule of Intangible Assets, Net

             
   September 30, 2022   December 31, 2021   Estimated Useful Life (in years) 
Trade names  $5,550   $5,550   15 
Proprietary intellectual property   4,260    4,260   5 
Customer relationships   1,180    1,180   1 
CLIA license   1,307    1,307   3 
Total intangible assets, gross   12,297    12,297     
Less: accumulated amortization   (3,408)   (1,445)    
Total intangible assets, net  $8,889   $10,852     

 

Amortization expense for acquired intangible assets was $545,000 and $445,000 during the three months ended September 30, 2022 and 2021, respectively. Amortization expense for acquired intangible assets was $2.0 million and $662,000 during the nine months ended September 30, 2022 and 2021, respectively. The estimated future amortization expense of acquired intangible assets as of September 30, 2022 is as follows (in thousands):

 

 Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets 

      
Remaining periods in the year ended December 31, 2022  $414 
Year ended December 31, 2023   1,585 
Year ended December 31, 2024   1,222 
Year ended December 31, 2025   1,222 
Year ended December 31, 2026   890 
Thereafter   3,556 
 Total intangible assets, net  $8,889