Company: MDXG
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001376339-25-000009
Chunk: 24

Company: MIMEDX GROUP, INC.
Filing Date: 2025-02-26
Form: 10-K
Item: Item 8
Chunk 24
---
 2023$19,441 Activity— Balance as of December 31, 2024$19,441 Intangible Assets, NetIntangible assets, net, are summarized as follows (in thousands):December 31, 2024December 31, 2023Gross Carrying AmountAccumulated amortizationNet Carrying AmountGross Carrying AmountAccumulated amortizationNet Carrying AmountAmortized intangible assetsPatents and know-how$10,320 $(8,488)$1,832 $10,039 $(7,818)$2,221 Customer and supplier relationships7,659 (1,147)6,512 — — — Tradenames and trademarks2,937 (1,850)1,087 — — — Licenses1,000 (104)896 1,000 (54)946 Total amortized intangible assets$21,916 $(11,589)$10,327 $11,039 $(7,872)$3,167 Unamortized intangible assetsTradenames and trademarks$1,008 $1,008 $1,008 $1,008 Patents in process291 291 1,082 1,082 Total intangible assets$23,215 $11,626 $13,129 $5,257 Amortization expense and impairment expense for the years ended December 31, 2024, 2023, and 2022, is summarized in the table below (amounts in thousands):

F- 19

Year ended December 31,202420232022Amortization of intangible assetsCost of sales$2,997 $— $— Operating expense765 762 701 Total amortization of intangible assets$3,762$762$701Impairment of intangible assets$446 $— $—The impairment of intangible assets in 2024 related to patents which were abandoned. Expected future amortization of intangible assets as of December 31, 2024, is as follows (in thousands): Estimated AmortizationYear Ending December 31,Expense2025$3,008 20261,766 20271,765 20281,763 2029607 Thereafter1,418 Total amortization expense$10,327 

8