Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.25.0.1
Intangible Assets
 3 Months Ended
Mar. 31, 2024
Intangible Assets [Abstract]  
INTANGIBLE ASSETS
F. INTANGIBLE ASSETS:

 

The following table presents details of the Company’s intangible assets, estimated lives and related accumulated amortization:

 

        As of March 31, 2024     As of December 31, 2023  
    Estimated
Useful Life		   Gross     Accumulated
Amortization		     Net Carrying
Amount		     Gross     Accumulated
Amortization		     Net Carrying
Amount		  
Customer lists   10 - 12 years   $ 3,716     $ (687 )   $ 3,029     $ 3,716     $ (602 )   $ 3,114  
Total       $ 3,716     $ (687 )   $ 3,029     $ 3,716     $ (602 )   $ 3,114  

 

The Company recorded amortization expense of $85 and $56 for the three months ended March 31, 2024 and 2023, respectively. The following table presents future estimated amortization expense based on existing intangible assets held for use:

 

Fiscal Years:      
Remainder of 2024   $ 258  
2025     343  
2026     343  
2027     343  
2028     343  
Thereafter     1,399  
Total   $ 3,029  

 

Actual future estimated amortization expense could differ from these estimated amounts as a result of future acquisitions, dispositions, impairments, and other factors or changes.