Annual report [Section 13 and 15(d), not S-K Item 405]

Intangible Assets (Tables)

v3.25.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 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 December 31, 2024 and 2023 ($ in thousands):

  

    December 31,     December 31,  
    2024     2023  
Product/Technology Related                
Identifiable intangible assets, gross   $ 325     $ 325  
Accumulated amortization     (191 )     (98 )
Product/technology related identifiable intangible assets, net     134       227  
Marketing Related                
Customer related intangible asset, gross     17       17  
Tradename related intangible asset, gross     113       113  
Trademark related intangibles     600       -  
Accumulated amortization     (57 )     (31 )
Marketing related identifiable intangible assets, net     673       99  
Total identifiable intangible assets, net   $ 807     $ 326  
Schedule of Estimated Annual Amortization Expense

As of December 31, 2024, the estimated annual amortization expense for each of the next five fiscal years is as follows ($ in thousands):

  

         
2025   $ 125  
2026     64  
2027     13  
2028     2  
2029     2  
Thereafter     1  
Subtotal     207  
Indefinite lived intangible assets (subject to impairment analysis)     600  
Total   $ 807