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Intangible Assets, Net and Other non-current assets
12 Months Ended
Dec. 31, 2020
Intangible Assets, Net and Other non-current assets [Abstract]  
Intangible Assets, Net and Other non-current assets
Note 10.
Intangible Assets, Net and Other non-current assets

The following table provides the components of identifiable intangible assets, all of which are finite lived and other non-current assets:


 
December 31,
 
  
2020
  
2019
 
Purchase technology-based intangible
 
$
2,358
  
$
2,358
 
Purchased patent
  
509
   
509
 
   
2,867
   
2,867
 
Less: accumulated amortization
  
(2,765
)
  
(2,714
)
Intangible assets, net
  
102
   
153
 
         
Royalty receivable
  
7,000
   
 
Other
  
836
   
286
 
Total other non-current assets
 
$
7,836
  
$
286
 

Amortization expense was $51 and $50 for each of the years ended December 31, 2020 and 2019, respectively. During the remaining life of the purchased patent, estimated annual amortization expense is $51 for each of the years from 2021 to 2022.

During the second quarter of 2020, under the Sunovion License Agreement, the Company recognized $8,000 of royalty revenue and corresponding royalty receivable, related to the $1,000 annual minimum guaranteed royalty that is due in each of the next eight years. In connection with the Monetization Agreement, the Company performed an assessment under ASC 860 Transfer and Servicing  to determine whether the existing receivable was to transferred to Marathon and concluded it was not transferred.  Royalty receivable consists of seven annual minimum payments due from Sunovion, the last of which is due in March 2028.  The current portion of the royalty receivable is included in Trade and other receivables, net. The Company will account for the future royalties from Sunovion as revenue that exceed the annual minimum royalty of $1,000. The first $1,000 of royalties will reduce the existing annual minimum royalty of $1,000.