Adding new device Status

Hi Experts,

For one particular client requirement, I need to add an extra device status through IQ02 where if the option is selected, the device can't be used for further usage .

Presently, device status is either 'Activated' or 'De-activated' - which can be changed manually to vice-versa. Wherein another status 'Expired' needs to be added which should also be locked down.

Please share your thoughts to implement the same.

Thanks,

Krishanu.