v3.26.1
Goodwill and Other Intangible Assets
 12 Months Ended
Dec. 31, 2025
Goodwill and Other Intangible Assets [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS

NOTE 10: GOODWILL AND OTHER INTANGIBLE ASSETS

 

a.The following table presents activity in goodwill and intangible assets during the years ended December 31, 2025, and 2024:

 

   Trade
Name		   Customer
Relationships		   Licenses   Technology   Goodwill   Total 
                         
Intangible assets, at cost:                        
Balance as of January 1, 2024   405    1,693    1,648    430    2,253    6,429 
Adjustments arising from translating financial statements from functional currency to presentation currency   (2)   (7)   (2)   -    (6)   (17)
Deconsolidated subsidiary   (403)   (1,403)   (446)   -    (1,230)   (3,482)
                               
Balance as of December 31, 2024 and 2025   -    283    1,200    430    1,017    2,930 
                               
Accumulated amortization and impairment:                              
Balance as of January 1, 2024   101    348    -    430    -    879 
Amortization expense   34    118    -    -    -    152 
Deconsolidated subsidiary   (135)   (466)   -    -    -    (601)
Balance as of December 31, 2024   -    -    -    430    -    430 
Impairment   -    283    1,200    -    1,017    2,500 
 Balance as of December 31, 2025   -    -    -    -    -    - 
Net intangible assets at cost, at December 31, 2024   -    283    1,200    -    1,017    2,500 
Net intangible assets at cost, at December 31, 2025   -    -    -    
 
    -    - 

 

b. Useful life of intangible assets:

 

The useful life of intangible assets is as follows:

 

     Licenses   Customer
Relationships
INXS
         
Useful life   Indefinite   Indefinite
         
Amortization method   Not amortized   Not amortized

 

Licenses don’t have a fixed term and do not require renewal. Consequently, licenses have an indefinite useful life.

 

c.Amortization and impairment expense:

 

Amortization of intangible assets of $152 for the year ended December 31, 2024, is recorded in profit or loss within General and administrative expenses.

 

During 2025, the Company recognized an impairment of goodwill and intangible assets of $2,500 as the assets are no longer expected to generate future economic benefits or sufficient cash flows.