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INTANGIBLE ASSETS, NET
3 Months Ended 12 Months Ended
Mar. 31, 2024
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]    
INTANGIBLE ASSETS, NET
NOTE 7 – INTANGIBLE ASSETS, NET
The following table shows the components of intangible assets, net (in thousands):
 
    
Useful Lives
(in Years)
    
March 31, 2024
    
December 31, 2023
 
Trade name
    
10-15
     $ 2,079      $ 1,280  
Developed Technology
    
13-20
       3,462        270  
Customer Relationships
     20        3,882         
     
 
 
    
 
 
 
Total intangible assets
     
 
9,423
 
  
 
1,550
 
Less: accumulated amortization
        (1,365      (1,334
     
 
 
    
 
 
 
Intangible assets, net
     
$
8,058
 
  
$
216
 
     
 
 
    
 
 
 
Total amortization expense for the three months ended March 31, 2024 and 2023 was approximately $31 thousand and $12 thousand, respectively.
NOTE 7 -INTANGIBLES, NET
The following table shows the components of intangible assets, net (in thousands):
 
    
Useful Lives
(in Years)
    
December 31, 2023
    
December 31, 2022
 
Trade name
    
10-13
    
$
1,280
 
   $ 1,280  
Technology
     13        270        270  
     
 
 
    
 
 
 
Total intangible assets
     
 
1,550
 
  
 
1,550
 
Less: accumulated amortization
        (1,334      (1,287
     
 
 
    
 
 
 
Intangible assets, net
     
$
216
 
  
$
263
 
     
 
 
    
 
 
 
Total amortization expense for the year ended December 31, 2023 and 2022 was approximately $47 thousand and $0.1 million respectively.