XML 31 R18.htm IDEA: XBRL DOCUMENT v3.25.1
Intangible Assets
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

NOTE 6 – INTANGIBLE ASSETS:

Intangible assets as of December 31, 2024 and 2023 were comprised of the following:

 

 

2024

 

 

2023

 

Customer relationships

 

$

5,158

 

 

$

5,442

 

Developed technology

 

 

3,699

 

 

 

3,913

 

Trade name

 

 

2,054

 

 

 

2,219

 

 

 

 

10,911

 

 

 

11,574

 

Accumulated amortization

 

 

(6,656

)

 

 

(6,627

)

Intangible assets, net

 

$

4,255

 

 

$

4,947

 

The trade name is an indefinite-lived asset and, accordingly, is not subject to amortization. The fluctuation between the years is due to changes in foreign currency exchange rates. The following summarizes changes in intangible assets for the years ended December 31:

 

 

2024

 

 

2023

 

Balance at the beginning of the year

 

$

4,947

 

 

$

5,194

 

Amortization of intangible assets

 

 

(347

)

 

 

(357

)

Other, primarily impact from changes in foreign currency exchange rates

 

 

(345

)

 

 

110

 

Balance at the end of the year

 

$

4,255

 

 

$

4,947

 

Identifiable intangible assets are expected to be amortized over a weighted-average period of approximately 10 years or $284 for 2025, $192 for 2026, $188 for 2027, $188 for 2028, $188 for 2029, and $1,161 thereafter.