General form of registration statement for all companies including face-amount certificate companies

Note 6 - Intangible Assets

v3.24.3
Note 6 - Intangible Assets
6 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 6: INTANGIBLE ASSETS

 

The following tables summarize the composition of intangible assets as of June 30, 2024:

 

   

June 30, 2024

 
   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net Carrying

Amount

   

Weighted

Average Life

 

Unamortized intangible assets

                               

BNA software

  $ 634     $ -     $ 634       n/a  

Total intangible assets

  $ 634     $ -     $ 634          

 

The BNA software enhancement project is in progress and amortization will begin once the project is substantially complete and the software is ready for its intended purpose. The software is expected to be completed by the end of 2024 and have a useful life of five years.