Intangible Asset

3 Months Ended

Mar. 31, 2023

Intangible Assets [Abstract]

Intangible Asset

Note 6. Intangible Asset

The gross carrying amount and net book value of the Company's intangible asset are as follows:

	Estimated fair value			Remaining Weighted-Average Useful Life
Balance at December 31, 2022	$	59,661
Amortization Expense		(1,572	)	9-years
Net Book Value at March 31, 2023	$	58,089

Based on finite-lived intangible assets recorded as of March 31, 2023, and assuming the underlying assets will not be impaired and that we will not change the expected lives of the assets, future amortization expenses were estimated as follows:

	Estimated Amortization Expense
2023		6,375
2024		6,392
2025		6,375
2026		6,375
2027		6,375
Thereafter		26,197
Total	$	58,089