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Intangible Assets, Net and Goodwill

9 Months Ended

Sep. 30, 2025

Intangible Assets, Net and Goodwill [Abstract]

NOTE 9: INTANGIBLE ASSETS, NET AND GOODWILL

The following tables summarize the composition of intangible assets as of September 30, 2025:

	September 30, 2025
	Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment			Net Carrying Amount		Weighted Average Life
Finite lived intangible assets
BNA software	$	1,109	$	(84	)		(1,025	)	$	-		-
Developed technology		700		(32	)		-			668		8.58
Trade names		150		(21	)		-			129		2.58
Non-compete agreements		110		(9	)		-			101		4.58
Total intangible assets	$	2,069	$	(146	)		(1,025	)	$	898		7.18

	December 31, 2024
	Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment			Net Carrying Amount		Weighted Average Life
Finite lived intangible assets
BNA software	$	1,109	$	(55	)		(874	)	$	180		4.75
Total intangible assets	$	1,109	$	(55	)		(874	)	$	180		4.75

Amortization expense was $47 and $90 for the three and nine months ended September 30, 2025, respectively.

During the reporting period, management evaluated the Company’s capitalized software development costs for indicators of impairment in accordance with ASC 350-40, Internal-Use Software. The review was prompted by a change in strategic direction resulting from the acquisition of Evoke Neuroscience and its hardware offering.

Accordingly, the Company recognized an impairment loss of $152 during the period ended September 30, 2025. This charge was recorded within “Impairment of intangible assets” on the statement of operations, reducing the carrying value of the software asset to $nil.

The estimated aggregate future amortization expense for intangible assets subject to amortization as of September 30, 2025, is summarized below:

	Estimated Future Amortization Expense
2025	$	38
2026		150
2027		150
2028		116
2029 and therafter		444
Total	$	898