Property and Equipment, Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

Schedule of Property and Equipment

A summary of the Company’s property and equipment at December 31, 2024 and 2023 is as follows:

	Useful	December 31,		December 31,
	Life	2024		2023
Computer and office equipment	5-7 years	$	412,000	$	404,000
Furniture and fixtures	7 years		107,000		107,000
Molds and tooling	3-5 years		2,297,000		2,228,000
			2,816,000		2,739,000
Less: Accumulated depreciation			2,532,000		2,335,000
		$	284,000	$	404,000

Schedule of Intangible Assets

A summary of the Company’s intangible assets at December 31, 2024 and 2023 is as follows:

	Useful	December 31,
	Life	2024
Customer relationships	9 years	$	25,000
Trade name	9 years		25,000
Developed technology	6 years		325,000
			375,000
Less: Accumulated amortization			30,000
		$	345,000

Schedule of Changes in Goodwill

The following table presents the changes in the value of the goodwill recognized in connection with the acquisition of SemiCab business:

Balance at January 1, 2024	$	-0-
Goodwill from acquisition of SemiCab, Inc. on July 3, 2024		4,378,000
Impairment of goodwill		(3,592,000	)
Balance at December 31, 2024	$	786,000