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INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
INTANGIBLE ASSETS |
10. | INTANGIBLE ASSETS
The Company’s intangible assets are finite lived and consist primarily of customer relationships and acquired technology, which are amortized on a straight-line basis over their estimated useful lives of 5 years. The company also holds indefinite-lived trademarks, which are not amortized. As of June 30, 2026, the carrying amount of indefinite-lived trademarks was $13 thousand. Reconciliation of Carrying Amounts (in thousands): SCHEDULE OF RECONCILIATION OF CARRYING AMOUNTS OF INTANGIBLE ASSETS
|  | December 31, 2024 |  |  | Additions |  |  | December 31, 2025 |  |  | Additions |  |  | Impairment |  |  | June 30, 2026 |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Indefinite-lived trademarks |  | $ | 25 |  |  | $ | — |  |  | $ | 25 |  |  | $ | — |  |  | $ | (12 | ) |  | $ | 13 |
Acquired Technology |  |  | 1,168 |  |  |  | 2,750 |  |  |  | 3,918 |  |  |  | — |  |  |  | — |  |  |  | 3,918 |
Customer Relationships |  |  | 2,839 |  |  |  | — |  |  |  | 2,839 |  |  |  | — |  |  |  | — |  |  |  | 2,839 |
Other |  |  | 456 |  |  |  | — |  |  |  | 456 |  |  |  | — |  |  |  | — |  |  |  | 456 |
Total |  | $ | 4,488 |  |  | $ | 2,750 |  |  | $ | 7,238 |  |  | $ | — |  |  | $ | (12 | ) |  | $ | 7,226 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired Technology |  | $ | 632 |  |  | $ | 509 |  |  | $ | 1,141 |  |  | $ | 335 |  |  | $ | — |  |  | $ | 1,476 |
Customer Relationships |  |  | 1,136 |  |  |  | 567 |  |  |  | 1,703 |  |  |  | 284 |  |  |  | — |  |  |  | 1,987 |
Other |  |  | 145 |  |  |  | 92 |  |  |  | 237 |  |  |  | 46 |  |  |  | — |  |  |  | 283 |
Total |  | $ | 1,913 |  |  | $ | 1,168 |  |  | $ | 3,081 |  |  | $ | 665 |  |  | $ | — |  |  | $ | 3,746 |
Carrying Amounts |  | $ | 2,575 |  |  |  |  |  |  | $ | 4,157 |  |  |  |  |  |  |  |  |  |  | $ | 3,480 |
The Company recorded amortization expense of $332 thousand and $665 thousand for the three and six months ended June 30, 2026, respectively and $222 thousand and $445 thousand for the three and six months ended June 30, 2025, respectively. As of June 30, 2026, expected amortization (in thousands) related to intangible assets will be: SCHEDULE OF EXPECTED AMORTIZATION RELATED TO INTANGIBLE ASSETS
Expected Amortization |  |  |
2026, excluding the six months ended June 30, 2026 |  | $ | 665 |
2027 |  |  | 1,330 |
2028 |  |  | 647 |
2029 |  |  | 550 |
2030 and thereafter |  |  | 275 |
Total |  | $ | 3,467 |

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- Definition The entire disclosure for intangible asset. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. Excludes goodwill. + References Reference 1: 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 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(15)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 3: 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 4: 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 5: 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 6: 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
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