Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET (Tables)

v3.22.1
INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Indefinite-Lived Intangible Assets
The following tables present details of the Company’s total intangible assets as of March 31, 2022 and December 31, 2021. The value of product formulation intangible asset is included in the value of Brand:
March 31, 2022
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 925  $   0.0
Customer relationships 1,000  532  468  3.40
Customer list 650  379  271  2.0
Brand 4,500  1,313  3,187  7.0
Total finite-lived intangible assets $ 7,075  $ 3,149  $ 3,926 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,075  $ 3,149  $ 22,926 
December 31, 2021
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 925  $ —  0.0
Customer relationships 1,000  487  513  3.4
Customer list 650  346  304  2.3
Brand 4,500  1,200  3,300  7.3
Total finite-lived intangible assets $ 7,075  $ 2,958  $ 4,117 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,075  $ 2,958  $ 23,117 
Schedule of Finite-Lived Intangible Assets
The following tables present details of the Company’s total intangible assets as of March 31, 2022 and December 31, 2021. The value of product formulation intangible asset is included in the value of Brand:
March 31, 2022
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 925  $   0.0
Customer relationships 1,000  532  468  3.40
Customer list 650  379  271  2.0
Brand 4,500  1,313  3,187  7.0
Total finite-lived intangible assets $ 7,075  $ 3,149  $ 3,926 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,075  $ 3,149  $ 22,926 
December 31, 2021
  Gross
Carrying
Amount
  Accumulated
Amortization
  Net
Carrying
Amount
  Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 925  $ —  0.0
Customer relationships 1,000  487  513  3.4
Customer list 650  346  304  2.3
Brand 4,500  1,200  3,300  7.3
Total finite-lived intangible assets $ 7,075  $ 2,958  $ 4,117 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Total indefinite-lived intangible assets $ 19,000  N/A $ 19,000 
Total intangible assets $ 26,075  $ 2,958  $ 23,117 
Schedule of Finite-lived Intangible Assets Amortization Expense
The following table reflects the estimated future amortization expense for each period presented for the Company’s finite-lived intangible assets as of March 31, 2022:
Estimated
Amortization
Expense
2022 $ 603 
2023 715 
2024 542 
2025 542 
2026 482 
Thereafter 1,042 
Total $ 3,926