v3.24.3

INTANGIBLE ASSETS, NET | 9 Months Ended
--- | ---
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS, NET | NOTE 8: INTANGIBLE ASSETS, NET In September 2024, an impairment test for the Solar and Energy Storage asset group's long-lived assets was performed. The test included comparing the sum of the estimated undiscounted future cash flow attributable to the identified assets group and its carrying amounts, and recognizing an impairment for the amount to which the carrying amount exceeds the fair value of the assets groups. The Company impaired and disposed intangible assets in the amount of $22,474, which mainly relates to patents and licenses under the Solar asset group that are no longer relevant for the Company's continued and future operations, and technology related to the Energy Storage asset group. Acquired intangible assets consisted of the following as of September 30, 2024, and December 31, 2023:
|  | September 30, 2024 |  |  | December 31, 2023 |
Intangible assets with finite lives: |  |  |  |  |  |
Technology |  | $ | 11,132 |  |  | $ | 26,990 |
Customer relationships |  |  | 1,546 |  |  |  | 3,193 |
Trade names |  |  | 1,322 |  |  |  | 624 |
Assembled workforce |  |  | 3,575 |  |  |  | 3,575 |
Patents and licenses |  |  | 2,000 |  |  |  | 22,000 |
Gross intangible assets |  |  | 19,575 |  |  |  | 56,382 |
Less - accumulated amortization |  |  | (8,406 | ) |  |  | (21,037 | )
Total intangible assets, net |  | $ | 11,169 |  |  | $ | 35,345 |
For the three months ended September 30, 2024 and 2023, the Company recorded amortization expenses related to intangible assets in the amount of $2,823 and $2,663, respectively. For the nine months ended September 30, 2024 and 2023, the Company recorded amortization expenses related to intangible assets in the amount of $6,751 and $5,901, respectively. Expected future amortization expenses of intangible assets as of September 30, 2024 are as follows:
2024 |  | $ | 1,716 |
2025 |  |  | 2,576 |
2026 |  |  | 2,228 |
2027 |  |  | 2,184 |
2028 |  |  | 1,023 |
2029 and thereafter |  |  | 1,442 |
|  | $ | 11,169 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-4 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-3 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481283/985-20-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 985 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/985-20/tableOfContent + Details
Name: | us-gaap_IntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration