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Intangible Asset (Tables)
3 Months Ended
Mar. 31, 2023
Intangible Assets [Abstract]  
Schedule of Net Book Value of our 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

 

 

 

Schedule of Finite Lived Intangible Assets Future Amortization Expense

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