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Note K - Intangible Assets and Goodwill | 12 Months Ended
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Dec. 31, 2022
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE K—INTANGIBLE ASSETS AND GOODWILL Intangible assets consisted of the following as of December 31:
|  | 2022 |  |  | 2021 |
Trade name |  | $ | 130,000 |  |  | $ | 130,000 |
Proprietary software |  |  | 420,000 |  |  |  | 420,000 |
Customer relationships |  |  | 1,692,860 |  |  |  | 930,000 |
Patents and patents pending |  |  | 365,080 |  |  |  | 365,080 |
|  |  | 2,607,940 |  |  |  | 1,845,080 |
Less accumulated amortization |  |  | (845,115 | ) |  |  | (547,003 | )
Total |  | $ | 1,762,825 |  |  | $ | 1,298,077 |
Aggregate amortization expense for 2022 and 2021 was approximately $298,000 and $216,000, respectively. Estimated minimum amortization expense based on straight line amortization of the software license rights for each of the next five years and thereafter approximates the following:
Years ending December 31 |  |  |  |
2023 |  | $ | 320,000 |
2024 |  |  | 320,000 |
2025 |  |  | 280,000 |
2026 |  |  | 230,000 |
2027 |  |  | 220,000 |
Thereafter |  |  | 392,825 |
Total |  | $ | 1,762,825 |
Goodwill The Company conducted its annual impairment analysis of its goodwill balances as at December 31, 2022. The Company noted the noted the cyclical downturn in technology stock values over the 2022 period, since our previous annual impairment assessment. The analysis showed the carrying value of the Company’s reporting segment was in excess of the Company’s market valuation as at December 31, 2022 based on a fair valuation measure as the quoted market price for the Company’s publicly traded stock as of that date. Accordingly, the Company concluded the amounts in goodwill had been fully impaired and accordingly wrote-off the entire balance in full as at December 31, 2022.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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