Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible assets, net

v3.25.1
Intangible assets, net
12 Months Ended
Dec. 31, 2024
Intangible assets, net  
Intangible assets, net

Note 7 — Intangible assets, net

Intangible assets, net consisted of the following (in thousands):

December 31, 

December 31, 

    

2024

    

2023

Acquired software licenses

$

6,137

$

5,288

Licensed IP rights – completed technology used in R&D

195

197

In-licensed technology

3,115

9,447

5,485

Less accumulated amortization

(5,567)

(5,155)

$

3,880

$

330

Amortization expense was $411,000, $387,000 and $809,000 for the years ended December 31, 2024, 2023 and 2022 respectively. The estimated aggregate amortization expense expected to be recorded in respect of these assets for each of the five years ended 2029 is $652,000, $552,000, $416,000, $247,000 and $246,000 respectively.