Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
6 Months Ended
Jun. 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 June 30, 2024 and December 31, 2023 ($ in thousands):

 

      Useful Life     June 30,     December 31,  
     

(Years)

    2024     2023  
Product/Technology Related                        
Identifiable intangible assets, gross     3     $ 325     $ 325  
Accumulated amortization             (142 )     (98 )
Product/technology related identifiable intangible assets, net             183       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             (58 )     (31 )
Marketing related identifiable intangible assets, net             672       99  
Total identifiable intangible assets, net           $ 855     $ 326  
Schedule of Estimated Annual Amortization Expense

As of June 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)   $ 48  
2025     126  
2026     64  
2027     13  
2028     2  
Thereafter     2  
Subtotal     255  
Indefinite lived intangible assets subject to impairment    

600

 

Total

 

$

855