Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Intangible Assets

v3.24.3
Note 7 - Intangible Assets
9 Months Ended
Sep. 30, 2024
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

NOTE 7: INTANGIBLE ASSETS 

 

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

 

   

September 30, 2024

 
   

Gross Carrying Amount

   

Accumulated Amortization

   

Net Carrying

Amount

   

Weighted Average Life

 

Unamortized intangible assets

                               

BNA software

  $ 1,109     $ -     $ 1,109       -  

Total intangible assets

  $ 1,109     $ -     $ 1,109       -  

 

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 enhancement project is expected to be completed by the end of 2025 and have a useful life of five years.