Company: OMQS
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001813
Chunk: 724

Company: OMNIQ Corp.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9A
Chunk 724
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IMATED USEFUL LIVES OF PROPERTY AND EQUIPMENT

    Category
     
    Estimated
    Useful Life
  
    Furniture
    and fixtures
     
    5
    to 7 years
  
    Computer
    equipment
     
    3
    to 5 years
  
    Office
    equipment
     
    3
    to 10 years
  
    Software
     
    3
    years
  
    Leasehold
    improvements
     
    15
    years (in Dangot subsidiary, 10 years)
  
    Vehicles
     
    5
    years

Definite-lived
Intangible Assets

The
Company periodically evaluates the carrying value of definite-lived intangibles when events or changes in circumstances indicate that
the carrying value may not be recoverable. Factors the Company considers important which could trigger an impairment review include,
but are not limited to, significant under-performance relative to historical or projected future operating results, significant changes
in the manner of its use of acquired assets or its overall business strategy, and significant industry or economic trends. The Company
amortizes definite-lived intangible assets on a straight-line basis over their useful lives. The Company recorded no impairment loss
for definite-lived intangible assets during the years ended December 31, 2024 and 2023.

When
the Company determines that the carrying value of a long-lived asset may not be recoverable based upon the existence of one or more of
the above indicators, the Company determines the recoverability by comparing the carrying amount of the asset to net future undiscounted
cash flows that the asset is expected to generate and recognizes an impairment charge equal to the amount by which the carrying amount
exceeds the fair market value of the asset.

If
the Company’s revenues or other estimated operating results are not achieved at or above our forecasted level, and the Company
is unable to recover such costs through price increases, the carrying value of certain of the Company’s intangible assets may prove
to be unrecoverable and we may incur impairment charges of definitive-live intangible assets.

Definite-lived
intangible assets are stated at cost, net of accumulated amortization. The assets are being amortized on the straight-line method over
useful lives ranging from 3 to 11 years with a remaining weighted average lifespan of 7.1 years.

Indefinite-lived
Intangible Assets, Including Goodwill

Indefinite-lived
intangible assets, including