Quarterly report pursuant to Section 13 or 15(d)

Finite-Lived Intangible Assets (Tables)

v3.23.2
Finite-Lived Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of finite-lived intangible assets

The following table presents the Company’s finite-lived intangible assets as of June 30, 2023:

    

Weighted-

Gross

Accumulated

Net book

average life

    

book value

    

amortization

    

value

    

(years)

Customer contracts

$

6,300

$

(982)

$

5,318

 

10

Trademark

 

5,000

 

(792)

 

4,208

 

10

UL Listings

 

2,700

 

(357)

 

2,343

 

12

Patents

 

10,060

 

(3,307)

 

6,753

 

Various

Finite-lived intangible assets

$

24,060

$

(5,438)

$

18,622

The following table presents the Company’s finite-lived intangible assets as of December 31, 2022:

    

Weighted-

Gross

    

Accumulated

    

Net book

average life

    

book value

    

amortization

    

value

    

(years)

Customer contracts

$

6,300

$

(671)

$

5,629

 

10

Trademark

 

5,000

 

(542)

 

4,458

 

10

UL Listings

 

2,700

 

(244)

 

2,456

 

12

Patents

 

10,060

 

(1,126)

 

8,934

 

Various

Finite-lived intangible assets

$

24,060

$

(2,583)

$

21,477

Schedule of the estimated future amortization expense of finite-lived intangible assets

The following table presents the estimated future amortization of the Company’s finite-lived intangible assets as of June 30, 2023:

Remainder of 2023

$

3,535

2024

 

5,815

2025

 

1,355

2026

 

1,355

2027

 

1,355

Thereafter

 

5,207

Total

$

18,622