Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS, NET (Tables)

v3.22.1
INTANGIBLE ASSETS, NET (Tables)
 12 Months Ended
Dec. 31, 2021
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 December 31, 2021 and December 31, 2020.

The value of product formulation intangible asset is included in the value of Brand:
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 4,516  1,216  3,300  7.3
Total finite-lived intangible assets $ 7,091  $ 2,974  $ 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 $ 26,091  $ 2,974  $ 23,117 
December 31, 2020
  Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		   Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 525  $ 400  0.5
Customer relationships 1,000  304  696  4.4
Customer list 650  217  433  3.3
Brand 4,516  766  3,750  8.3
Total finite-lived intangible assets $ 7,091  $ 1,812  $ 5,279 
 
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 $ 26,091  $ 1,812  $ 24,279 
Schedule of Finite-Lived Intangible Assets
The following tables present details of the Company’s total intangible assets as of December 31, 2021 and December 31, 2020.

The value of product formulation intangible asset is included in the value of Brand:
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 4,516  1,216  3,300  7.3
Total finite-lived intangible assets $ 7,091  $ 2,974  $ 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 $ 26,091  $ 2,974  $ 23,117 
December 31, 2020
  Gross
Carrying
Amount		   Accumulated
Amortization		   Net
Carrying
Amount		   Weighted-
Average
Useful Life
(in Years)
Finite-lived intangible assets:
             
Customer contracts $ 925  $ 525  $ 400  0.5
Customer relationships 1,000  304  696  4.4
Customer list 650  217  433  3.3
Brand 4,516  766  3,750  8.3
Total finite-lived intangible assets $ 7,091  $ 1,812  $ 5,279 
 
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 $ 26,091  $ 1,812  $ 24,279 
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 December 31, 2021:
Estimated
Amortization
Expense
2022 $ 795 
2023 715 
2024 542 
2025 542 
2026 482 
Thereafter 1,041 
Total $ 4,117