XML 156 R13.htm IDEA: XBRL DOCUMENT
v3.25.3

INTANGIBLE ASSETS, NET AND GOODWILL | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes and other explanatory information [abstract] |
INTANGIBLE ASSETS, NET AND GOODWILL | NOTE 7 - INTANGIBLE ASSETS, NET AND GOODWILL: SUMMARY OF INTANGIBLE ASSETS NET
|  | Capitalization of development costs |  |  | Purchased license |  |  | Core Technology License |  |  | Total |
COST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2024 |  |  | 5,342 |  |  |  | 819 |  |  |  | 10,449 |  |  |  | 16,610 |
Capitalized development cost |  |  | 169 |  |  |  | - |  |  |  | - |  |  |  | 169 |
Currency translation adjustments |  |  | (245 | ) |  |  | (37 | ) |  |  | - |  |  |  | (282 | )
As of December 31, 2024 |  |  | 5,266 |  |  |  | 782 |  |  |  | 10,449 |  |  |  | 16,497 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2024 |  |  | 124 |  |  |  | - |  |  |  | - |  |  |  | 124 |
Amortization |  |  | 694 |  |  |  | 75 |  |  |  | 1,306 |  |  |  | 2,075 |
Impairment |  |  | 2,197 |  |  |  | - |  |  |  | - |  |  |  | 2,197 |
Currency translation adjustments |  |  | (227 | ) |  |  | - |  |  |  | - |  |  |  | (227 | )
As of December 31, 2024 |  |  | 2788 |  |  |  | 75 |  |  |  | 1,306 |  |  |  | 4,169 |
Net book value as of December 31, 2024 |  |  | 2,478 |  |  |  | 707 |  |  |  | 9,143 |  |  |  | 12,328 |
SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) |
NOTE 7 - INTANGIBLE ASSETS, NET AND GOODWILL (CONT.):
|  | Capitalization of development cost |  |  | Purchased license |  |  | Core Technology License |  |  | Total |
COST |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2023 |  |  | 4,372 |  |  |  | 655 |  |  |  | - |  |  |  | 5,027 |
Cost, beginning balance |  |  | 4,372 |  |  |  | 655 |  |  |  | - |  |  |  | 5,027 |
Capitalized development cost |  |  | 977 |  |  |  | 157 |  |  |  | 10,449 |  |  |  | 11,583 |
Currency translation adjustments |  |  | (7 | ) |  |  | 7 |  |  |  | - |  |  |  | - |
As of December 31, 2023 |  |  | 5,342 |  |  |  | 819 |  |  |  | 10,449 |  |  |  | 16,610 |
Cost, ending balance |  |  | 5,342 |  |  |  | 819 |  |  |  | 10,449 |  |  |  | 16,610 |
Accumulated amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
As of January 1, 2023 |  |  | 127 |  |  |  | - |  |  |  | - |  |  |  | 127 |
Accumulated amortization, beginning balance |  |  | 127 |  |  |  | - |  |  |  | - |  |  |  | 127 |
Currency translation adjustments |  |  | (3 | ) |  |  | - |  |  |  | - |  |  |  | (3 | )
As of December 31, 2023 |  |  | 124 |  |  |  | - |  |  |  | - |  |  |  | 124 |
Accumulated amortization, ending balances |  |  | 124 |  |  |  | - |  |  |  | - |  |  |  | 124 |
Net book value as of December 31, 2023 |  |  | 5,218 |  |  |  | 819 |  |  |  | 10,449 |  |  |  | 16,486 |
Net book value |  |  | 5,218 |  |  |  | 819 |  |  |  | 10,449 |  |  |  | 16,486 |
Intangible assets as of December 31, 2024 and 2023 consist of capitalized development costs of the Group’s technology, the cost of the exclusive license intellectual property and core technology license raised from the TrueGold business combination that reflects the existence of underlying technology that has value through its continued use or re-use in many products or many generations of a singular product (that is, a product family). See also note 3. The capitalized development costs and purchased license are amortized in accordance with its useful life of 5.5 years. The Core Technology License is amortized in accordance with its useful life of 4 years. Goodwill and impairment The Group is required to test, on an annual basis, whether goodwill has suffered any impairment. The recoverable amount is determined based on value in use calculations. The use of this method requires an estimation of future cash flows and the determination of a discount rate in order to calculate the present value of the cash flows. During the year, the Group did not meet its revenue forecast. This had an adverse impact on the projected value in use of the operation and consequently resulted in an impairment to goodwill of $6,813. The (pre-tax) discount rate used to measure the CGU’s value in use was 29.6%. The carrying amount of goodwill is $26,144 as of December 31, 2024. The recoverable amount has been determined from value in use calculations based on cash flow projections from Company approved budgets.
SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) |

X
- Definition The entire disclosure for intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 38 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=38&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS38_g118-128_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfIntangibleAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_NotesAndOtherExplanatoryInformationAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration