Annual report pursuant to Section 13 and 15(d)

Intangible Asset, Net

v3.24.1
Intangible Asset, Net
12 Months Ended
Dec. 31, 2023
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Asset, Net
(6)
Intangible Asset, net

Intangible asset and related accumulated amortization are as follows:

 

 

December 31, 2023

 

 

December 31, 2022

 

Gross intangible asset

 

$

5,148

 

 

$

5,148

 

Less: accumulated amortization

 

 

(5,148

)

 

 

(3,429

)

 

$

 

 

$

1,719

 

On December 10, 2021, the Company entered into an amendment to an agreement with a supplier whereby advance payments made from June 2016 to January 2020 were being set against a reservation fee for a tableting facility for the period from January 1, 2021 to December 31, 2023. This reservation right was amortized over the three year term of the amended agreement.