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Note K - Intangible Assets And Goodwill | 12 Months Ended
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Dec. 31, 2023
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:
|  | 2023 |  |  | 2022 |
Trade name |  | $ | 130,000 |  |  | $ | 130,000 |
Proprietary software |  |  | 420,000 |  |  |  | 420,000 |
Customer relationships |  |  | 1,692,860 |  |  |  | 1,692,860 |
Patents and patents pending |  |  | 365,080 |  |  |  | 365,080 |
|  |  | 2,607,940 |  |  |  | 2,607,940 |
Less accumulated amortization |  |  | (1,199,950 | ) |  |  | (845,115 | )
Total |  | $ | 1,407,990 |  |  | $ | 1,762,825 |
Aggregate amortization expense for 2023 and 2022 was approximately $355,000 and $298,000, 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 |  |  |  |
2024 |  | $ | 311,000 |
2025 |  | $ | 267,000 |
2026 |  | $ | 224,000 |
2027 |  | $ | 223,000 |
2028 |  | $ | 141,000 |
Thereafter |  | $ | 241,990 |
Total |  | $ | 1,407,990 |
Goodwill 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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