v3.26.1
Intangible Assets, Net
 6 Months Ended
Jun. 30, 2026
Intangible Assets, Net [Abstract]  
INTANGIBLE ASSETS, NET

NOTE 4 – INTANGIBLE ASSETS, NET

 

On June 30, 2026, intangible assets consisted of the following:

 

    Unaudited  
    Cost     Accumulated
amortization		     Net     Amortization
period
(in years)		  
Technology     7,279       (607 )     6,672       12  
Total intangible assets   $ 7,279     $ (607 )   $ 6,672          

 

Amortization expense was $304 for the period of six months ended June 30, 2026. Amortization expense was $152 for the period of three months ended June 30, 2026.

 

On December 31, 2025, intangible assets consisted of the following:

 

    Audited  
    Cost     Accumulated
amortization		     Net     Amortization
period
(in years)		  
Technology     7,279       (303 )     6,976       12  
Total intangible assets   $ 7,279     $ (303 )   $ 6,976          

  

Intangible assets with definite lives are tested for impairment whenever events or changes in circumstances indicate that their carrying amount may not be recoverable.

  

The estimated future amortization expense for the next five years is as follows:

 

Year ending December 31,   Amount  
2026   $ 606  
2027   $ 606  
2028   $ 606  
2029   $ 606  
2030   $ 606