Quarterly report pursuant to Section 13 or 15(d)

Intangible Asset, net

v3.23.2
Intangible Asset, net
6 Months Ended
Jun. 30, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Asset, Net

6. Intangible Asset, net

Intangible asset and related accumulated amortization are as follows:

 

 

June 30, 2023

 

 

December 31, 2022

 

Gross intangible asset

 

$

5,148

 

 

$

5,148

 

Less: accumulated amortization

 

 

(4,287

)

 

 

(3,429

)

 

$

861

 

 

$

1,719

 

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.