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Intangibles
12 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangibles

(10) Intangibles

Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. No impairment charges were recorded for the years ended December 31, 2021 and 2020.

Patent costs associated with the application and award of patents in the U.S. and various other countries are capitalized and amortized on a straight-line basis over the term of the patents as determined at the award date, which varies depending on the pendency period of the application, generally approximating seventeen years.

Amortization of intangible assets acquired is calculated using the straight-line method over the estimated useful lives of the assets.

 

 

 

Estimated Life

 

December 31,

 

 

December 31,

 

 

 

(years)

 

2021

 

 

2020

 

Capitalized patent costs

 

17-20

 

$

10,219

 

 

$

9,708

 

Intangible assets acquired:

 

 

 

 

 

 

 

 

 

 

Purchased intellectual property

 

3-10

 

 

250

 

 

 

250

 

Existing technology

 

5

 

 

1,560

 

 

 

1,560

 

Customer relationships

 

7

 

 

290

 

 

 

290

 

Gross intangible assets

 

 

 

 

12,319

 

 

 

11,808

 

Accumulated amortization

 

 

 

 

(5,708

)

 

 

(5,196

)

Intangibles, net

 

 

 

$

6,611

 

 

$

6,612

 

 

Amortization expense on intangible assets was as follows:   

 

 

 

Year Ended

 

 

Year Ended

 

 

 

December 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Amortization expense

 

$

576

 

 

$

559

 

 

For intangible assets recorded at December 31, 2021, the estimated future aggregate amortization expense for the years ending December 31, 2022 through December 31, 2026 is as follows:

 

 

 

Amortization

 

Year ending December 31:

 

Expense

 

2022

 

$

537

 

2023

 

 

526

 

2024

 

 

514

 

2025

 

 

494

 

2026

 

 

462