INTANGIBLE CAPITALIZED SOFTWARE DEVELOPMENT COSTS, NET

3 Months Ended

Mar. 31, 2026

Intangible Asset, Goodwill and Other [Abstract]

INTANGIBLE CAPITALIZED SOFTWARE DEVELOPMENT COSTS, NET

NOTE 12: INTANGIBLE CAPITALIZED SOFTWARE DEVELOPMENT COSTS, NET

The Company capitalizes certain costs related to the implementation of software systems during the application development stage. Capitalized software development costs are capitalized when application development begins and it is probable that the project will be completed and used as intended by the Company.

The capitalization policy provides for capitalizing certain payroll and payroll-related costs for employees who spend time directly associated with the configuration, development, and enhancement of software systems. Costs associated with preliminary project activities, data migration, training, maintenance, and all other post-implementation stage activities are expensed as incurred.

Capitalized software development costs related to the implementation of the Company’s ERP system are classified as Intangibles on the Consolidated Balance Sheets, and costs are amortized on a straight-line basis over their estimated useful lives and are included within depreciation and amortization expense in the condensed consolidated statements of operations. For the quarters ending March 31, 2026 and 2025, capitalized software development costs totaled $39 and $0, respectively. Amortization costs related to capitalized software was $15 and $0 for the quarters ended March 31, 2026 and 2025, respectively.