v3.25.2
Note 5 - Intangible Assets
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

Note 5. Intangible Assets

 

The following table summarizes the Company’s intangible assets as of  June 30, 2025 (in thousands):

 

  

Estimated

             
  

Useful Life

  

Gross Carrying

  

Accumulated

  

Net Carrying

 
  

( Years)

  

Amount

  

Amortization

  

Value

 

Developed technology ‐ VIVO

  15  $8,244  $(1,374) $6,870 

Developed technology ‐ LockeT

  14   18,770   (3,352)  15,418 

Customer relationships

  6   62   (26)  36 

Trademarks/trade names ‐ VIVO

  9   876   (243)  633 

Trademarks/trade names ‐ LockeT

  9   409   (114)  295 
      $28,361  $(5,109) $23,252 

 

The following table summarizes the Company’s intangible assets as of  December 31, 2024 (in thousands):

 

  

Estimated

             
  

Useful Life

  

Gross Carrying

  

Accumulated

  

Net Carrying

 
  

( Years)

  

Amount

  

Amortization

  

Value

 

Developed technology ‐ VIVO

  15  $8,244  $(1,099) $7,145 

Developed technology ‐ LockeT

  14   18,770   (2,681)  16,089 

Customer relationships

  6   62   (21)  41 

Trademarks/trade names ‐ VIVO

  9   876   (195)  681 

Trademarks/trade names ‐ LockeT

  9   409   (91)  318 
      $28,361  $(4,087) $24,274 

 

The estimated future amortization expense for the next five years and thereafter is as follows (in thousands):

 

  

Future

 
  

Amortization

 

Years ending December 31,

 

Expense

 

Remainder of 2025

 $1,021 

2026

  2,043 

2027

  2,043 

2028

  2,043 

2029

  2,033 

Thereafter

  14,069 

Total

 $23,252 

 

The Company uses the straight-line method to determine amortization expense for its definite lived intangible assets. Amortization expense, included within selling, general and administrative expenses in the condensed consolidated statements of operations, for the Company's intangible assets was $0.5 million for the three months ended  June 30, 2025 and 2024 and $1 million for the six months ended June 30, 2025 and 2024