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INTANGIBLE ASSETS, NET
12 Months Ended
Dec. 31, 2023
INTANGIBLE ASSETS, NET  
INTANGIBLE ASSETS, NET

8. INTANGIBLE ASSETS, NET

Intangible assets consisted of the following:

As of December 31, 

    

2022

    

2023

Gross carrying amount

Trade names

$

460

$

460

Software

 

276

 

276

Accreditation

100

100

 

836

 

836

Less: accumulated amortization

 

 

Trade names

 

 

Software

 

(276)

 

(276)

Accreditation

(23)

(38)

 

(299)

 

(314)

Intangible assets, net

 

 

Trade names

 

460

 

460

Software

 

 

Accreditation

77

62

$

537

$

522

For the years ended December 31, 2021, 2022 and 2023, the Group performed impairment test on the trade name and brand and recognized impairment loss from continuing operations of nil, $657 and nil on brand, respectively.

Amortization expenses for intangible assets from continuing operations amounted to $123, $5 and $15 for the years ended December 31, 2021, 2022 and 2023, respectively. Based on the current amount of intangible assets subject to amortization, the estimated amortization expenses for each of the future annual periods are as follows:

    

Amount

    

2024

 

$

10

2025

 

10

2026

 

10

2027

 

10

2028

 

10

Thereafter

 

12

Total

 

$

62