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Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Reconciliation of Intangible Assets

The reconciliation of intangible assets for the years ended December 31, 2022 and 2021 was as follows (in thousands):

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Patented technologies

 

 

 

 

 

 

Gross carrying amount at beginning of period

 

$

68,322

 

 

$

68,322

 

Impairment of acquired intangible assets

 

 

(20,699

)

 

 

 

Gross carrying amount at end of period

 

 

47,623

 

 

 

68,322

 

Accumulated amortization at beginning of period

 

 

(45,573

)

 

 

(43,113

)

Amortization expense

 

 

(2,050

)

 

 

(2,460

)

Accumulated amortization at end of period

 

 

(47,623

)

 

 

(45,573

)

Net book value at end of period

 

$

 

 

$

22,749

 

Schedule of Net Book Value of Intangible Assets

The net book value of the Company’s intangible assets at December 31, 2022 and 2021 is summarized as follows (in thousands):

 

 

 

 

 

 

 

 

 

Estimated

 

 

 

 

 

 

 

 

 

Remaining

 

 

 

 

 

 

 

 

 

Useful Life at

 

 

 

December 31,

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

 

 

 

 

 

 

 

(Years)

 

Patented technologies

 

 

 

 

 

 

 

 

 

DEXYCU / Verisome

 

$

 

 

$

22,749

 

 

 

 

Total intangible assets, net

 

$

 

 

$

22,749