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INTANGIBLE ASSETS (Tables)
9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in Carrying Amount of Intangible Assets, Net
The changes in the carrying amount of intangible assets, net for the nine months ended September 30, 2024 were as follows:
Net balance at December 31, 2023$575 
Addition: Capitalized software costs1,832 
Deduction: Amortization expense(136)
Net balance at September 30, 2024$2,271 
Schedule of Components of Intangible Assets
The following tables set forth the components of intangible assets as of September 30, 2024 and December 31, 2023:
As of September 30, 2024
Estimated
Useful
Life
Adjusted
Carrying
Amount
Accumulated
Amortization
Net
Patents and copyrights
2-17 years
$375 $(319)$56 
Developed technology5 years400 (367)33 
Software development5 years$2,239 $(57)$2,182 
$3,014 $(743)$2,271 
The Company has capitalized $1,833 in software development costs as of September 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 technology5 years400 (307)93 
Software development5 years$407 $— 407 
$1,182 $(607)$575 
Schedule of Amortization Expense of Intangible Assets
The following summarizes amortization of intangible assets included in the accompanying statements of operations:
Three Months Ended
September 30,
For the Nine Months Ended September 30,
2024202320242023
Cost of revenues$24 $24 $71 $71 
Selling, general and administrative$$$$
Research and development$57 $— $57 $— 
$84 $27 $136 $79