OTHER LONG TERM ASSETS |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Other Assets, Noncurrent [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| OTHER LONG TERM ASSETS |
NOTE
11: OTHER LONG TERM ASSETS
1 In
January 2023, the Company completed an investment of $5,500
in the common stock of a privately-held company which represents 34.8%
of its outstanding shares. The Company accounted for this investment using the equity method of accounting. The Company's share of net
loss for the year ended December 31, 2023 was $350.
In
April and July of 2023, the Company completed a total investment of $2,500
in the preferred stock of a privately-held company which represents 4.5%
of its outstanding shares on a fully diluted basis. The Company accounted for this investment as an equity investment without readily
determinable fair values. No impairment or other adjustments related to observable price changes in orderly transactions for identical
or similar investments were identified. |
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