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

Note 6 - Intangible Assets (10K)

v3.24.3
Note 6 - Intangible Assets (10K)
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

NOTE 6: INTANGIBLE ASSETS

 

The following tables summarize the composition of intangible assets as of December 31, 2023:

 

   

December 31, 2023

 
   

Gross

Carrying

Amount

   

Accumulated

Amortization

   

Net

Carrying

Amount

   

Weighted

Average Life

 

Unamortized intangible assets

                               

BNA software

  $ 386     $ -     $ 386       n/a  

Total intangible assets

  $ 386     $ -     $ 386          

 

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 Q3 2024 and have a useful life of five years.

 

There were no intangible assets as of December 31, 2022.