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INTANGIBLE, NET
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE, NET

NOTE 7 -INTANGIBLES, NET

The following table shows the components of intangible assets, net (in thousands):

 

 

Useful Lives
(in Years)

 

December 31, 2023

 

 

December 31, 2022

 

Trade name

 

10-13

 

$

1,280

 

 

$

1,280

 

Technology

 

13

 

 

270

 

 

 

270

 

Total intangible assets

 

 

 

 

1,550

 

 

 

1,550

 

Less: accumulated amortization

 

 

 

 

(1,334

)

 

 

(1,287

)

Intangible assets, net

 

 

 

$

216

 

 

$

263

 

 

Total amortization expense for the year ended December 31, 2023 and 2022 was approximately $47 thousand and $0.1 million respectively.