Fixed Assets, Net and Other Noncurrent Assets |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||
Fixed Assets, Net and Other Noncurrent Assets [Asbtract] | ||||||||||||||||||||||||||||||||||||||||||||||
Fixed Assets, net and Other Noncurrent Assets |
Note 6 – Fixed Assets, net and Other Noncurrent Assets
Fixed assets consisted of the following:
Depreciation expense related to our fixed assets for the years ended December 31, 2023 and 2022, was $27,883 and $44,841, respectively. During the year ended December 31, 2023, we disposed of certain fixed assets that were fully depreciated.
Other Noncurrent Assets
At the beginning of 2022, we had $28.7 million of noncurrent assets attributable to our continuing operations including capitalized software of $6.1 million, intangible assets of $3.9 million and goodwill of $18.7 million. During 2022, incurred $2.2 million of capitalized software additions and recorded amortization of $4.4 million of which $0.7 million was attributable to capitalized software and $3.7 million was attributable to intangible assets. In connection with our strategic shift during 2022, we incurred impairment charges of $26.5 million of which $4.6 million was attributable to capitalized software, $3.2 million to intangible assets and $18.7 million to goodwill. Of this total, $3.0 million was attributable to MJF, $2.1 million to Trellis, $14.4 million to Solo and $7.0 million to Viridian. |