XML 21 R11.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

INTANGIBLE ASSETS | 6 Months Ended
--- | ---
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
INTANGIBLE ASSETS | INTANGIBLE ASSETS The changes in the carrying amount of intangible assets, net for the six months ended June 30, 2024 were as follows:
Net balance at December 31, 2023 | $ | 575 |
Addition: Capitalized software costs | 1,389 |
Deduction: Amortization expense | (52) |
Net balance at June 30, 2024 | $ | 1,912 |
The following tables set forth the components of intangible assets as of June 30, 2024 and December 31, 2023:
|  |  | As of June 30, 2024
| Estimated Useful Life |  | Adjusted Carrying Amount |  | Accumulated Amortization |  | Net
Patents and copyrights | 2-17 years |  | $ | 375 |  |  | $ | (313) |  |  | $ | 62 |
Developed technology | 5 years |  | 400 |  |  | (347) |  |  | 53 |
Software development | — |  |  | $ | 1,797 |  |  | $ | — |  |  | $ | 1,797 |
|  |  | $ | 2,572 |  |  | $ | (660) |  |  | $ | 1,912 |
The Company has capitalized $1,797 in software development costs as of June 30, 2024. The projects are still in development and not yet ready for their intended use, and therefore no estimated useful life has been determined and these costs are not being amortized as of June 30, 2024.
|  |  | As of December 31, 2023
| Estimated Useful Life |  | Adjusted Carrying Amount |  | Accumulated Amortization |  | Net
Patents and copyrights | 2-17 years |  | $ | 375 |  |  | $ | (300) |  |  | $ | 75 |
Developed technology | 5 years |  | 400 |  |  | (307) |  |  | 93 |
Software development | — |  |  | $ | 407 |  |  | $ | — |  |  | 407 |
|  |  | $ | 1,182 |  |  | $ | (607) |  |  | $ | 575 |
The following summarizes amortization of intangible assets included in the accompanying statements of operations:
| Three Months Ended June 30, |  | For the Six Months Ended June 30,
| 2024 |  | 2023 |  | 2024 |  | 2023
Cost of revenues | $ | 23 |  |  | $ | 23 |  |  | $ | 47 |  |  | $ | 47 |
General and administrative | 2 |  |  | 3 |  |  | 5 |  |  | 6 |
| $ | 25 |  |  | $ | 26 |  |  | $ | 52 |  |  | $ | 53 |

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 goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration