Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS, NET (Tables)

v3.22.2.2
INTANGIBLE ASSETS, NET (Tables)
9 Months Ended
Sep. 30, 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 September 30, 2022 and December 31, 2021. The value of product formulation intangible asset is included in the value of Brand:
September 30, 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  624  376  3.2
Customer list 650  444  206  1.6
Brand 4,500  1,537  2,963  6.6
Total finite-lived intangible assets $ 7,075  $ 3,530  $ 3,545 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Licenses-impairment (19,000) N/A (19,000)
Total indefinite-lived intangible assets $   N/A $  
Total intangible assets $ 7,075  $ 3,530  $ 3,545 
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 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 September 30, 2022 and December 31, 2021. The value of product formulation intangible asset is included in the value of Brand:
September 30, 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  624  376  3.2
Customer list 650  444  206  1.6
Brand 4,500  1,537  2,963  6.6
Total finite-lived intangible assets $ 7,075  $ 3,530  $ 3,545 
 
Indefinite-lived intangible assets:
Licenses $ 19,000  N/A $ 19,000 
Licenses-impairment (19,000) N/A (19,000)
Total indefinite-lived intangible assets $   N/A $  
Total intangible assets $ 7,075  $ 3,530  $ 3,545 
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 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 September 30, 2022:
Estimated
Amortization
Expense
2022 $ 221 
2023 715 
2024 542 
2025 542 
2026 482 
Thereafter 1,043 
Total $ 3,545