Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net (Details)

v3.23.1
Intangible Assets, Net (Details) - USD ($)
$ in Thousands
 1 Months Ended 9 Months Ended 12 Months Ended
Feb. 04, 2021
Jul. 23, 2021
Dec. 31, 2021
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]        
Consideration paid amount   $ 264,000    
legal fees   $ 38,000    
Payment for transfer of technology       $ 375,000
Useful life       10 years
Intellectual property agreement, description the Company entered into the fourth amendment to the IP agreement with HP. Under the terms of the amendment, the parties agreed to amend the list of patent and patent applications, which includes two additional patents that are assignable to the Company by HP. The Company exercised the option to purchase the assignable patents and paid HP $1.55 million dollars on February 9, 2021. Upon assignment of the patents, the Company will pay HP a royalty fee based on the cumulative gross revenue received by the Company from the patents as follows:1. Prior to December 31, 2029:  ●Less than $70,000,000, royalty rate of 0.00%   ●$70,000,000 - $500,000,000, royalty rate of 1.25%   ●$500,000,000 and beyond, royalty rate of 1.00%  2. After January 1, 2030 and onward, royalty rate of 0.00% Under the terms of the amendment, HP waived any interest that would have been accrued on the open payable of $75,000 which was due from the Company related to the license agreement dated January 31, 2016.       
Amortization expense     $ 150 $ 200