INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS, NET

NOTE 7 – INTANGIBLE ASSETS, NET

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

	Useful Lives (in Years)	March 31, 2024			December 31, 2023
Trade name	10-15	$	2,079		$	1,280
Developed Technology	13-20		3,462			270
Customer Relationships	20		3,882			—
Total intangible assets			9,423			1,550
Less: accumulated amortization			(1,365	)		(1,334	)
Intangible assets, net		$	8,058		$	216

Total amortization expense for the three months ended March 31, 2024 and 2023 was approximately $31 thousand and $12 thousand, respectively.