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Intangibles (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Amortization of Intangible Assets Acquired

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

 

 

 

Estimated Life

 

March 31,

 

 

December 31,

 

 

 

(years)

 

2022

 

 

2021

 

Capitalized patent costs

 

17-20

 

$

10,319

 

 

$

10,219

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets acquired:

 

 

 

 

 

 

 

 

 

 

Purchased intellectual property

 

10

 

 

250

 

 

 

250

 

Developed technology

 

5

 

 

24,929

 

 

 

1,560

 

Customer relationships

 

10

 

 

13,684

 

 

 

290

 

Gross intangible assets

 

 

 

 

49,182

 

 

 

12,319

 

Accumulated amortization

 

 

 

 

(7,349

)

 

 

(5,708

)

Intangibles, net

 

 

 

$

41,833

 

 

$

6,611

 

Amortization Expense on Intangible Assets

Amortization expense on intangible assets was as follows:

 

 

Three

 

 

Three

 

 

 

Months

 

 

Months

 

 

 

Ended

 

 

Ended

 

 

 

March 31,

 

 

March 31,

 

 

 

2022

 

 

2021

 

Amortization expense

 

$

1,677

 

 

$

142

 

Estimated Future Aggregate Amortization Expense


 

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

 

 

Amortization

 

As of March 31, 2022:

 

Expense

 

Remaining in 2022

 

$

4,933

 

2023

 

 

6,571

 

2024

 

 

6,558

 

2025

 

 

6,538

 

2026

 

 

6,506