v3.25.1
Intangible assets, net
12 Months Ended
Dec. 31, 2024
Intangible assets, net  
Intangible assets, net

Note 8 - Intangible assets, net

Intangible assets, net, as of December 31, 2024 and 2023 consisted of the following:

December 31, 

    

2024

    

2023

Trademark

$

1,550

$

1,550

Service Contract

 

2,786

 

2,786

Computer Software

121

37

Customers relationship

 

1,410

 

Accumulated amortization

(3,068)

(2,911)

Impairment

(1,432)

(1,432)

Exchange difference

(1)

Intangible assets, net

$

1,367

$

29

Amortization expenses of intangible assets were $97, $13 and $18 for the years ended December 31, 2024, 2023 and 2022, respectively.

During the course of the Company’s strategic review of its operations, the Company assessed the recoverability of the carrying value of the Company’s intangible assets. The impairment charge, if any, represented the excess of carrying amounts of the Company’s intangible assets over their fair value, using the expected future discounted cash flows. There were no impairment on intangible assets for the years ended December 31, 2024, 2023 and 2022, respectively.

As of December 31, 2024, amortization expenses related to intangible assets for future periods are estimated to be as follows:

For the years ending December 31,

2030 and

    

2025

    

2026

    

2027

    

2028

    

2029

    

thereafter

 

$

 

$

 

$

 

$

 

$

 

$

Amortization expenses

161

146

146

146

145

623