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

Note 18 - Other (Income) Expense

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Note 18 - Other (Income) Expense
12 Months Ended
Dec. 31, 2023
Notes to Financial Statements  
Other Nonoperating Income and Expense [Text Block]

NOTE 18: OTHER (INCOME) / EXPENSE

 

   

December 31

 
   

2023

   

2022

 
                 

Interest, bank fees and loan fees

  $ 18     $ 440  

Unrealized (gain) loss on foreign exchange

    (37 )     134  

Loss on extinguishment of debt

    -       59  

Gain on sale of equipment

    -       (166 )

Other

    (457 )     (7 )

Total

  $ (476 )   $ 460  

 

In February 2022, the Company sold equipment for $262 resulting in a gain on sale of $166.

 

On February 24, 2023, the agreement with R.I. Mind Group Ltd. expired in accordance with its terms, and, as of December 31, 2023, there are no amounts owed by the Company to R.I. Mind Group Ltd. As the Company did not carry any activity for the purposes of the agreement, the Company recognized $459 of other income (Note 8).