Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS AND GOODWILL

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INTANGIBLE ASSETS AND GOODWILL
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL
NOTE E - INTANGIBLE ASSETS AND GOODWILL
Intangible Assets
Intangible assets as of December 31, 2023 and December 31, 2022 are shown in the following table:
December 31, 2023 December 31, 2022
(in thousands) Remaining
Weighted
Average Useful
Life		 Gross Carrying
Amount		 Accumulated
Amortization		 Gross Carrying
Amount		 Accumulated
Amortization
Indefinite Lived Intangible Assets
Trade name — $ 90  $ —  $ 90  $ — 
Total Indefinite Lived Intangible Assets
 $ 90  $ —  $ 90  $ — 
Definite Lived Intangible Assets
Patent licenses 7 years 7,398  3,828  8,223  3,816 
Developed seed variant technology 24 years 5,633  841  5,680  170 
Refinery permits 11 years 1,921  479  1,921  404 
Total Definite Lived Intangible Assets   $ 14,952  $ 5,148  $ 15,824  $ 4,390 
Amortization expense for intangible assets was approximately $1.1 million and $1.3 million for the years ended December 31, 2023 and December 31, 2022, respectively.
The estimated intangible asset amortization expense for 2024 through 2028 and thereafter is as follows:
 (in thousands)
Estimated Amortization Expense
2024 $ 958 
2025 859 
2026 843 
2027 795 
2028 788 
Thereafter 5,561 
Total $ 9,804 
Goodwill as of December 31, 2023 is shown in the following table:
(in thousands) December 31, 2023 December 31, 2022
Beginning Balance $ 9,471  $ 8,777 
Adjustments to CCE Acquisition —  1,547 
Foreign currency adjustments 708  (854)
Ending Balance $ 10,179  $ 9,471