Patents

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Patents

Note 7: Patents

(in thousands)
December 31, 2019	$	1,151
Acquisitions		573
Abandonments		(68	)
Amortization		(158	)
December 31, 2020	$	1,498
Acquisitions		365
Amortization		(80	)
June 30, 2021	$	1,783

Patents and trademarks are stated at cost (primarily legal fees) and are amortized using the straight-line method of the estimated useful life of 17 years. During the periods ending June 30, 2021, and December 31, 2020.

Amortization of patents and trademarks for each of the next five years is as follows:

Year Ending December 31,
(in thousands)
2021	$	125
2022		137
2023		154
2024		180
2025		212
Thereafter		975
Total	$	1,783