Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.23.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
SCHEDULE OF GOODWILL INTANGIBLE ASSETS

The changes in the carrying amount of goodwill are as follows:

 

    2022     2021  
    As of December 31,  
    2022     2021  
             
Beginning balance   $ 19,764     $ 20,060  
                 
Changes:                
Impairment loss     (10,183 )     -  
Adjustment to provisional goodwill     -       (296 )
                 
Ending balance   $ 9,581     $ 19,764  
SCHEDULE OF INTANGIBLE ASSETS

Intangible assets, net consisted of the following:

 

             
    As of December 31,  
   

2022

   

2021

 
             
Amortizable finite-lived intangible assets   $ 1,499     $ 7,317  
Accumulated amortization     (666 )     (3,806 )
Finite-lived intangible assets, net     833       3,511  
                 
Indefinite-lived intangible assets     -       442  
                 
Intangible assets, net   $ 833     $ 3,953  
SCHEDULE OF AMORTIZATION EXPENSE FINITE LIVED INTANGIBLE ASSETS

The expected future amortization expense for amortizable finite-lived intangible assets as of December 31, 2022, is as follows:

 

Year ending   Amortization  
2023     311  
2024     308  
2025     214  
Total amortization   $ 833