v3.25.2
Note 8 - Intangible Assets, Net
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Notes to Financial Statements    
Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 7: INTANGIBLE ASSETS, NET 

 

The following tables summarize the composition of intangible assets as of March 31, 2025: 

 

  

March 31, 2025

 
  

Gross Carrying Amount

  

Accumulated Amortization

  Accumulated Impairment 

Net Carrying

Amount

  

Weighted Average Life

 

Finite lived intangible assets

                   

BNA software

 $1,109  $(65) $(874)$170   4.50 

Total intangible assets

 $1,109  $(65) $(874)$170     

 

 

  

December 31, 2024

 
  

Gross Carrying Amount

  

Accumulated Amortization

  Accumulated Impairment 

Net Carrying

Amount

  

Weighted Average Life

 

Finite lived intangible assets

                   

BNA software

 $1,109  $(55) $(874)$180   4.75 
Total intangible assets $1,109  $(55) $(874)$180     

 

Amortization expense was $10 and $nil for the three months ended March 31, 2025, and 2024, respectively.

 

The estimated aggregate future amortization expense for intangible assets subject to amortization as of March 31, 2025, is summarized below:

 

Year ending December 31 Estimated Future Amortization Expense 
2025$28 
2026 38 
2027 38 
2028 38 
2029 28 
Thereafter - 
Total$170 

 

 

NOTE 8: INTANGIBLE ASSETS, NET

 

The following tables summarize the composition of intangible assets as of December 31, 2024:

 

  

December 31, 2024

 
  

Gross

Carrying

Amount

  

Accumulated Amortization

  Accumulated Impairment  

Net

Carrying

Amount

  

Weighted

Average Life

 

Finite lived intangible assets

                    

BNA software

 $1,109  $(55) $(874) $180   4.75 

Total intangible assets

 $1,109  $(55) $(874) $180     
 
During the fourth quarter of 2024, management performed the assessment and determined that one of the capitalized upgrades was no longer expected to be utilized. Consequently, the upgrade was deemed fully impaired, resulting in the Company recording an impairment charge of $874.

 

The estimated aggregate future amortization expense for intangible assets subject to amortization as of December 31, 2024, is summarized below:
Year ending December 31 

Estimated Future Amortization Expense

 

2025

 $38 
2026  38 
2027  38 
2028  38 
2029  28 

Thereafter

  - 

Total

 $180