Annual report pursuant to Section 13 and 15(d)

PERMIT AND OTHER INTANGIBLE ASSETS

v3.22.1
PERMIT AND OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
PERMIT AND OTHER INTANGIBLE ASSETS

NOTE 5

PERMIT AND OTHER INTANGIBLE ASSETS

 

The following table summarizes changes in the carrying value of permits. No permit exists at our Services and Medical Segments.

 

Permit (amount in thousands)   Treatment  
Balance as of December 31, 2019   $ 8,790  
Permit in progress     132  
Balance as of December 31, 2020   $ 8,922  
Permit renewal   $ 121  
Permit in progress     433  
Balance as of December 31, 2021   $ 9,476  

 

The following table summarizes information relating to the Company’s definite-lived intangible assets:

 

          December 31, 2021     December 31, 2020  
    Weighted Average
Amortization
    Gross           Net     Gross           Net  
Other Intangibles   Period     Carrying     Accumulated     Carrying     Carrying     Accumulated     Carrying  
(amount in thousands)   (Years)     Amount     Amortization     Amount     Amount     Amortization     Amount  
                                         
Patent   8.3     $ 787     $ (351 )   $ 436     $ 742     $ (334 )   $ 408  
Software   3       592       (415 )     177       418       (411 )     7  
Customer relationships   10       3,370       (3,089 )     281       3,370       (2,910 )     460  
Total         $ 4,749     $ (3,855 )   $ 894     $ 4,530     $ (3,655 )   $ 875  

 

The intangible assets noted above were amortized on a straight-line basis over their useful lives with the exception of customer relationships which were amortized using an accelerated method.

 

The following table summarizes the expected amortization over the next five years for our definite-lived intangible assets:

 

    Amount  
Year   (In thousands)  
       
2022   $ 233  
2023     192  
2024     61  
2025     14  
2026     11  

 

Amortization expense recorded for definite-lived intangible assets was approximately $211,000 and $239,000, for the years ended December 31, 2021 and 2020, respectively.