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INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2025
INTANGIBLE ASSETS [Abstract]  
INTANGIBLE ASSETS
7. INTANGIBLE ASSETS
 
Intangible Assets
 
Intangible assets consisted of the following:
 
 December 31, 2025 December 31, 2024 
Amortizable intangible assets:       
Patents$1,142  $1,013 
Trademarks 367   264 
Purchased software and technology 512   1,752 
Customer relationships -   160 
 $2,021   3,189 
Accumulated amortization (870)   (1,256) 
Total amortizable$1,151   1,933 
Indefinite life assets (non-amortizable) 421   421 
Total intangible assets, net$1,572  $2,354 
 
Amortization expenses were $481 and $450 for the years ended December 31, 2025 and 2024, respectively. The Company recognized impairment charges for Purchases software and technology and Customer relationships of $588 for the year ended December 31, 2025. No impairment charges were recognized for the year ended December 31, 2024.  
At December 31, 2025, annual amortization of intangible assets, based upon the Company’s existing intangible assets and current useful lives, is estimated to be the following:
 
2026 118 
2027 116 
2028 116 
2029 116 
2030 116 
Thereafter 569 
Total$1,151 
 
Goodwill
 
As of December 31, 2025, the Company had no Goodwill. 
 
During 2024, the Company recorded an increase of $21 to goodwill as result of additional liabilities assumed related to the August 2023 Intrensic Acquisition.
  
In December 2024, the Company assessed the fair value of its Intrensic unit and determined that its carrying value exceeded its fair value by $1,631 and therefore the Company recorded a $1,631 impairment charge related to the goodwill initially recorded from the 2023 acquisition.
 
The table below summarizes the changes in the carrying amount of goodwill:
 
Balance at December 31, 2023 1,610 
Additional liabilities recorded post acquisition 21 
Impairment charge (1,631) 
Balance at December 31, 2024$ -