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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Identifiable intangible assets The following tables set forth the components of intangible assets as of December 31, 2024 and 2023:
| Estimated Useful Life |  | As of December 31, 2024
| Adjusted Carrying Amount |  | Accumulated Amortization |  | Net
Patents and copyrights | 2-17 years |  | $ | 375 |  |  | $ | (325) |  |  | $ | 50 |
Developed technology | 5 years |  | 400 |  |  | (387) |  |  | 13 |
Software development | 5 years |  | 2,455 |  |  | (144) |  |  | 2,311 |
|  |  | $ | 3,230 |  |  | $ | (856) |  |  | $ | 2,374 |
| Estimated Useful Life |  | As of December 31, 2023
| 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 acquisition related intangible assets included in the Statements of Operations:
| Years Ended December 31,
| 2024 |  | 2023
Cost of revenues | $ | 181 |  |  | $ | 95 |
Selling, general and administrative | 10 |  |  | 10 |
Research and development | 58 |  |  | — |
| $ | 249 |  |  | $ | 105 |
The Company's estimated future amortization expense for intangible assets as of December 31, 2024 was as follows:
2025 | $ | 532 |
2026 | 507 |
2027 | 497 |
2028 | 491 |
2029 | 347 |
| $ | 2,374 |
These amounts are subject to change based upon the review of recoverability and useful lives that are performed at least annually. Goodwill Goodwill represents the excess of purchase price over the fair value of the assets acquired in businesses combinations. Under ASC 350, goodwill is not amortized, but rather is tested for impairment. The Company’s goodwill balance was $8,102 as of December 31, 2024 and 2023. This goodwill resulted from the acquisitions of Mobilisa, Inc. and Positive Access Corporation. For the years ended December 31, 2024 and 2023, the Company performed its annual impairment test of goodwill in the fourth quarter. Under authoritative guidance, the Company can use industry and Company specific qualitative factors to determine whether it is more likely than not that impairment exists before performing step one of the quantitative goodwill impairment test. An entity is not required to calculate the fair value of a reporting unit unless the entity determines, based on a qualitative assessment, that it is more likely than not that its fair value is less than its carrying amount. Events or changes in circumstances which could trigger an impairment review include macroeconomic conditions, industry and market conditions, cost factors, overall financial performance, other entity specific events and sustained decrease in share price. According to ASC 350-20, the company conducted a qualitative assessment (Step 0) to evaluate goodwill for impairment. For the year ended December 31, 2023, the company bypassed the qualitative assessment and directly performed a quantitative assessment (Step 1), determining that the fair value of the company exceeded its carrying amount. In the qualitative assessment for the fiscal year ended December 31, 2024, the company found no significant events or circumstances indicating a decline in the value of goodwill. As a result, the fair value of goodwill remained above its carrying value as of December 31, 2024, and the company did not proceed with a quantitative assessment for that year.

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- 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
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