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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS
NOTE 7 -
INTANGIBLE ASSETS
 
Intangible assets:

 

   
December 31,
  
   
2024
    
2023
  
Commercial license
            
Cost
  
$
2,509
    
$
2,509
  
Accumulated amortization
    
(956
)
    
(686
)
Amortized cost
  
$
1,553
    
$
1,823
  
 
In September 2020, Piedmont signed a 10-year agreement for the commercial MRO services for aviation components. Under this contract Honeywell licensed Piedmont as an authorized MRO station of APU  331-20X.
 
Estimated amortization expenses for the five succeeding years are $279 thousand per year.