GOODWILL AND OTHER INTANGIBLE ASSETS, NET

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS, NET

NOTE 6: GOODWILL AND OTHER INTANGIBLE ASSETS, NET

The Company has $7.5 million of goodwill related to its purchase of AGI in the third quarter of fiscal year 2023, which has an indefinite life, and is not deductible for tax purposes.

As of September 30, 2023, the components of, and changes in, the carrying amount of intangible assets, net, were as follows (in thousands):

			September 30, 2023
	Cost		Accumulated Amortization			Intangible Assets, Net
Trademark		795		(37	)		758
Technology		6,161		(215	)		5,946
Customer relationship - Warranty		201		(14	)		187
Customer relationship - Rental		2,102		(74	)		2,028
Customer relationship - Distribution		4,578		(128	)		4,450
Backlog		296		(296	)		-
Total Amortized Intangible Assets		14,133		(764	)		13,369

The estimated amortization expense is shown below (in thousands):

Fiscal 2023 (period remaining)	$	844
Fiscal 2024		3,347
Fiscal 2025		3,307
Fiscal 2026		3,143
Fiscal 2027		2,172
Fiscal 2028		556
Total		13,369