Annual report pursuant to Section 13 and 15(d)

Intangible Asset, Net

v3.22.4
Intangible Asset, Net
12 Months Ended
Dec. 31, 2022
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Asset, Net
(6)
Intangible Asset, net

Intangible asset and related accumulated amortization are as follows:

 

 

December 31, 2022

 

December 31, 2021

Gross intangible asset

 

$5,148

 

$5,148

Less: accumulated amortization

 

(3,429)

 

(1,713)

 

 

$1,719

 

$3,435

On December 10, 2021, the Company entered into an amendment to an agreement with a supplier whereby advance payments made from June 2016 to January 2020 are being set against a reservation fee for a tableting facility for the period from January 1, 2021 to December 31, 2023. This reservation right is being amortized over the three year term of the amended agreement.