Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.24.3
Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Breakdown of Identifiable Intangible Assets

The following provides a breakdown of identifiable intangible assets as of September 30, 2024 and December 31, 2023 ($ in thousands):

  

    Useful Life   September 30,     December 31,  
    (Years)   2024     2023  
Product/Technology Related                    
Identifiable intangible assets, gross   3   $ 325     $ 325  
Accumulated amortization         (166 )     (98 )
Product/technology related identifiable intangible assets, net         159       227  
Marketing Related                    
Customer related intangible asset, gross   10     17       17  
Tradename related intangible asset, gross   4     113       113  
Trademark related intangibles   Indefinite     600       -  
Accumulated amortization         (50 )     (31 )
Marketing related identifiable intangible assets, net         680       99  
Total identifiable intangible assets, net       $ 839     $ 326  
Schedule of Estimated Annual Amortization Expense

As of September 30, 2024, the estimated annual amortization expense for each of the next five fiscal years is as follows ($ in thousands):

  

         
2024 (remainder of the year)   $ 32  
2025     126  
2026     64  
2027     13  
2028     2  
Thereafter     2  
Subtotal     239  
Indefinite lived intangible assets (subject to impairment analysis)     600  
Total   $ 839