Intangible Assets

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

The following table presents intangible assets activity for the three months ended March 31, 2023 (in thousands):

	Intangible Assets
Balance, December 31, 2022	$	1,583
Amortization expense	(50)
Balance, March 31, 2023 (unaudited)	$	1,533

Intangible Assets

The tables below present the details of intangible assets as of March 31, 2023 and December 31, 2022 (dollars in thousands):

March 31, 2023	Estimated Useful Life (in years)	Weighted Average Remaining Life (in years)	Intangible Assets		Accumulated Amortization		Balance
							(unaudited)
Licensed intangibles	10.0	7.7	$	2,000	$	(467)	$	1,533
Total intangible assets			$	2,000	$	(467)	$	1,533

December 31, 2022	Estimated Useful Life (in years)	Weighted Average Remaining Life (in years)	Intangible Assets			Accumulated Amortization		Balance
Licensed intangibles	10.0	7.9	2,000			(417)		1,583
Total intangible assets			$	2,000	Rx	$	(417)	$	1,583

The Company recorded amortization expense related to the above intangible assets of $0.1 million and $0.2 million for the three months ended March 31, 2023 and 2022, respectively.

The following table presents the future amortization expense associated with amortizable intangible assets as of March 31, 2023 (in thousands):

	Total Amortization
Nine months ending December 31, 2023	$	150
Year ending December 31, 2024	200
Year ending December 31, 2025	200
Year ending December 31, 2026	200
Year ending December 31, 2027	200
Thereafter	583
Total future amortization	$	1,533