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Note G - Intangible Assets And Goodwill | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Goodwill and Intangible Assets Disclosure [Text Block] | NOTE G—INTANGIBLE ASSETS AND GOODWILL Intangible assets consisted of the following as of December 31:
|  | 2024 |  |  | 2023 |
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 |  |  | (1,510,310 | ) |  |  | (1,199,950 | )
Total |  | $ | 1,097,630 |  |  | $ | 1,407,990 |
Aggregate amortization expense for 2024 and 2023 was approximately $310,000 and $355,000, 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 |  |  |  |
2025 |  | $ | 267,000 |
2026 |  | $ | 224,000 |
2027 |  | $ | 223,000 |
2028 |  | $ | 141,000 |
2029 |  | $ | 117,000 |
Thereafter |  | $ | 125,630 |
Total |  | $ | 1,097,630 |
Goodwill The Company concluded the amounts in goodwill had been fully impaired and accordingly wrote-off the entire balance in full for the Swivel Secure Europe LTD acquisition, due the reversal of the earnout payable based on the 2022 revenue achievement 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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