Intangible Assets, Net

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, Net

Intangible Assets, Net

The Company’s intangible assets consist of the following:

	March 31, 2022						December 31, 2021
(In thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizable intangible assets:
Patents	$	2,861	$	(267)	$	2,594	$	2,469	$	(234)	$	2,235
License agreements	1,101		(889)		212		1,101		(852)		249
Total amortizable intangible assets	3,962		(1,156)		2,806		3,570		(1,086)		2,484
Unamortized intangible assets
Trademarks	384		—		384		375		—		375
Total intangible assets	$	4,346	$	(1,156)	$	3,190	$	3,945	$	(1,086)	$	2,859

License agreements are being amortized over periods ranging from 17-20 years. Patent costs are being amortized over periods of up to 20 years. Amortization expense was $69 and $47 for the three months ended March 31, 2022 and 2021, respectively.

Year Ending December 31,	(In thousands)
2022 (excluding the three months ended March 31, 2022)	$	189
2023	218
2024	149
2025	149
2026	148
Thereafter	1,953
Total	$	2,806

License AgreementsRoyalty fees under our License Agreements with the University of Florida Research Foundation and the University of Texas at Austin were $673 and $641 during the three months ended March 31, 2022 and 2021, respectively, and are included in sales and marketing expense in the accompanying condensed consolidated statements of operations.