Patents

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Patents

Note 7: Patents

(in thousands)
December 31, 2020	$	1,498
Acquisitions		592
Amortization		(116	)
December 31, 2021	$	1,974
Acquisitions		96
Amortization		(57	)
September 30, 2022	$	2,013

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.

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

Period Ending December 31,
(in thousands)
2022	$	23
2023		154
2024		178
2025		199
2026		235
Thereafter		1,224
Total	$	2,013