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Intangible Assets
12 Months Ended
Dec. 31, 2021
Intangible Assets  
Intangible Assets

3. Intangible Assets

 

Intangible assets as of December 31, 2021 and 2020 consisted of the following:

 

 

 

Estimated useful lives

 

 

As of December 31,

 

 

 

(in years)

 

 

2021

 

 

2020

 

Tradename

 

 

5

to

7

 

 

$

555

 

 

$

555

 

Patents and technological know-how

 

 

 

10

 

 

 

 

33,553

 

 

 

25,427

 

Proprietary software

 

 

3

to

15

 

 

 

2,981

 

 

 

2,981

 

Other

 

 

3

to

5

 

 

 

323

 

 

 

323

 

Total intangible assets, gross

 

 

 

 

 

 

 

 

37,412

 

 

 

29,286

 

Accumulated amortization

 

 

 

 

 

 

 

 

(12,326

)

 

 

(10,038

)

Total intangible assets, net

 

 

 

 

 

 

 

$

25,086

 

 

$

19,248

 

 

Patents and technological know-how include capitalized legal expenses, net of amortization of $22,637 related to our defense of patents from infringement by our competitors. Legal expenses have been capitalized upon satisfaction of two conditions: (a) a determination being made that a successful defense of this litigation is probable, and (b) that the monetary benefits arising out of such successful defense will be in excess of the costs for the defense. Please refer to Note 8 - Commitments and Contingencies for additional information. 

 

During the years ended December 31, 2021 and 2020, amortization of these intangible assets were $2,288 and $1,694 respectively.

 

The estimated future amortization expense of intangible assets is as follows:

 

Years ending December 31,

 

 

 

 

2022

 

$

2,683

 

2023

 

 

2,677

 

2024

 

 

2,413

 

2025

 

 

2,351

 

2026

 

 

2,351

 

Thereafter

 

 

12,611

 

Total

 

$

25,086