NORTECH SYSTEMS INC Annual Amortization of Intangible Assets in USD from 2011 to 2023

Taxonomy & unit
us-gaap: USD
Description
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
Summary
Nortech Systems Inc quarterly/annual Amortization of Intangible Assets history and growth rate from 2011 to 2023.
  • Nortech Systems Inc Amortization of Intangible Assets for the quarter ending June 30, 2024 was $40K, unchanged year-over-year.
  • Nortech Systems Inc Amortization of Intangible Assets for the twelve months ending June 30, 2024 was $159K, unchanged year-over-year.
  • Nortech Systems Inc annual Amortization of Intangible Assets for 2023 was $159K, a 6% increase from 2022.
  • Nortech Systems Inc annual Amortization of Intangible Assets for 2022 was $150K, a 14.8% decline from 2021.
  • Nortech Systems Inc annual Amortization of Intangible Assets for 2021 was $176K, a 7.85% decline from 2020.
Amortization of Intangible Assets, Trailing 12 Months (USD)
Amortization of Intangible Assets, Annual (USD)
Amortization of Intangible Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $159K +$9K +6% Jan 1, 2023 Dec 31, 2023 10-Q 2024-08-08
2022 $150K -$26K -14.8% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-20
2021 $176K -$15K -7.85% Jan 1, 2021 Dec 31, 2021 10-K 2023-03-17
2020 $191K -$28K -12.8% Jan 1, 2020 Dec 31, 2020 10-K 2022-03-17
2019 $219K $0 0% Jan 1, 2019 Dec 31, 2019 10-K 2021-03-23
2018 $219K -$18K -7.6% Jan 1, 2018 Dec 31, 2018 10-K 2020-03-19
2017 $237K +$46.3K +24.3% Jan 1, 2017 Dec 31, 2017 10-K 2019-04-01
2016 $191K +$92.7K +94.6% Jan 1, 2016 Dec 31, 2016 10-K 2018-03-27
2015 $98K +$92.7K +1751% Jan 1, 2015 Dec 31, 2015 10-K 2017-03-08
2014 $5.29K +$1.00 +0.02% Jan 1, 2014 Dec 31, 2014 10-K 2016-03-22
2013 $5.29K -$11.3K -68.1% Jan 1, 2013 Dec 31, 2013 10-K 2015-03-11
2012 $16.6K -$124K -88.2% Jan 1, 2012 Dec 31, 2012 10-K 2014-03-07
2011 $141K Jan 1, 2011 Dec 31, 2011 10-K 2013-03-08
* An asterisk sign (*) next to the value indicates that the value is likely invalid.