INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 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 June 30, 2022		December 31, 2021
Technology	$	56,874	$	62,150
Less: accumulated amortization	(3,091)		(1,018)
Net book value - Technology	53,783		61,132
Intellectual property	9,250		9,250
Less: accumulated amortization	(1,156)		(694)
Net book value - Intellectual property	8,094		8,556
Patents, licenses and software development	2,822		2,822
Less: accumulated amortization	(364)		(139)
Net book value - Patents, licenses and software development	2,458		2,683
Total intangible assets, net	$	64,335	$	72,371

Amortization expense for the three and six months ended June 30, 2022 amounted to $1,374 thousand and $2,760 thousand, respectively. Amortization expense on intangible assets for the three and six months ended June 30, 2021 amounted to $275 thousand. 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	$	2,071	$	463	$	282	$	2,816
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		200		5,268
Thereafter	36,737		2,618		—		39,355
							64,335

The weighted average amortization period remaining as of June 30, 2022 is as follows:

Intellectual property	9.00 years
Technology	14.50 years
Patents, licences and software development	4.50 years