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OTHER INTANGIBLE ASSETS
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
OTHER INTANGIBLE ASSETS

NOTE 3. OTHER INTANGIBLE ASSETS

 

Finite life intangible assets as of December 31, 2024 and 2023 are as follows:

 

 

   Customer
Relationships
   Patents   Total 
Balance as of January 1, 2023  $216   $206   $422 
Amortization   144    15    159 
Balance as of December 31, 2023  $72   $191   $263 
Amortization   72    17    89 
Balance as of December 31, 2024  $-   $174   $174 

 

Intangible assets are amortized on a straight-line basis over their estimated useful lives. The weighted average remaining amortization period of our intangible assets is 5.1 years. Of the patents value as of December 31, 2024, $89 are being amortized and $85 are in process as patents have not yet been issued.

 

Amortization expense of finite life intangible assets was $89 and $159 for the years ended December 31, 2024 and 2023, respectively.

 

Estimated future annual amortization expense (except projects in process) related to these assets is approximately as follows:

 

 

Year  Amount 
2025  $18 
2026   18 
2027   18 
2028   18 
2029   12 
Thereafter   5 
Total  $89