Note 6 - Intangible Assets

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

Note 6. Intangible Assets

The following table summarizes the Company’s intangible assets as of December 31, 2024 (in thousands):

	Estimated
	Useful Life		Gross Carrying		Accumulated			Net Carrying
	Years		Amount		Amortization			Value
Developed technology ‐ VIVO		15	$	8,244	$	(1,099	)	$	7,145
Developed technology ‐ LockeT		14		18,770		(2,681	)		16,089
Customer relationships		6		62		(21	)		41
Trademarks/trade names ‐ VIVO		9		876		(195	)		681
Trademarks/trade names ‐ LockeT		9		409		(91	)		318
			$	28,361	$	(4,087	)	$	24,274

The following table summarizes the Company’s intangible assets as of December 31, 2023 (in thousands):

	Estimated
	Useful Life		Gross Carrying		Accumulated			Net Carrying
	Years		Amount		Amortization			Value
Developed technology ‐ VIVO		15	$	8,244	$	(550	)	$	7,694
Developed technology ‐ LockeT		14		18,770		(1,341	)		17,429
Customer relationships		6		62		(10	)		52
Trademarks/trade names ‐ VIVO		9		876		(97	)		779
Trademarks/trade names ‐ LockeT		9		409		(45	)		364
			$	28,361	$	(2,043	)	$	26,318

The estimated future amortization expense for the next five years and thereafter is as follows (in thousands):

	Future
	Amortization
Years ending December 31,	Expense
2025	$	2,043
2026		2,043
2027		2,043
2028		2,043
2029		2,033
Thereafter		14,069
Total	$	24,274

The Company uses the straight-line method to determine amortization expense for its definite lived intangible assets. Amortization expense, included within selling, general and administrative expenses, related to the Company's intangible assets was $2.0 million and $2.0 million for the years ended December 31, 2024 and 2023, respectively.