INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

	December 31, 2021		December 31, 2020
	In thousands
Technology	$	62,150	$	—
Less: accumulated amortization	(1,018)
Net book value - Technology	61,132
Intellectual property	$	9,250	$	—
Less: accumulated amortization	(694)
Net book value - Intellectual Property	8,556
Patents, licenses and software development	$	2,822	$	530
Less: accumulated amortization	(139)
Net book value - Patents, licenses and software development	2,683		530
Total intangible assets, net	$	72,371	$	530

Amortization expense for the years ended December 31, 2021 amounted to $1,851 thousand. There was no amortization expense on intangible assets at December 31, 2020. Estimated amortization expense for each of the five succeeding years is as follows:

December 31,	Technology		Intellectual Property		Patents, licenses and software development		Total
	In thousands
2022	$	4,143	$	925	$	564	$	5,632
2023	4,143		925		564		5,632
2024	4,143		925		564		5,632
2025	4,143		925		564		5,632
2026	4,143		925		564		5,632
Thereafter	40,433		3,778		—		44,211
							$	72,371

INTANGIBLE ASSETS

In thousands	Unaudited March 31, 2022		December 31, 2021
Technology	$	62,150	$	62,150
Less: accumulated amortization	(2,055)		(1,018)
Net book value - Technology	60,095		61,132
Intellectual property	9,250		9,250
Less: accumulated amortization	(925)		(694)
Net book value - Intellectual property	8,325		8,556
Patents, licences and software development	2,822		2,822
Less: accumulated amortization	(223)		(139)
Net book value - Patents, licences and software development	2,599		2,683
Total intangible assets, net	$	71,019	$	72,371

Amortization expense for the three months ended March 31, 2022 amounted to $1,352 thousand. There was no amortization expense on intangible assets for the year ended March 31, 2021. Estimated amortization expense for each of the five succeeding years is as follows:

	Technology		Intellectual Property		Patents, licence, and software development		Total
Remainder of 2022	$	3,106	$	694	$	480	$	4,280
2023	4,143		925		564		5,632
2024	4,143		925		564		5,632
2025	4,143		925		564		5,632
2026	4,143		925		564		5,632
Thereafter	40,433		3,778		—		44,211
							71,019

The weighted average amortization period remaining as of March 31, 2022 is as follows:

Intellectual property	9.00 years
Technology	14.50 years
Patents, licences and software development	9.00 years