Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.23.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of acquired intangible assets
The Company’s acquired intangible assets at June 30, 2023 and December 31, 2022 consisted of the following (in thousands):

June 30, 2023 Weighted
average
amortization
period (years)		   Cost Accumulated
amortization		 Net
carrying
value
Tradename and trademarks 7.11 $ 3,104  $ 818  $ 2,286 
Licenses and customer base 9.15 18,033  1,637  16,396 
Non-compete agreements 2.00 42  24  18 
8.84 $ 21,179  $ 2,479  $ 18,700 


December 31, 2022 Weighted
average
amortization
period (years)		 Cost Accumulated
amortization		 Net
carrying
value
Tradename and trademarks 3.00 $ 2,041  $ 453  $ 1,588 
Licenses and customer base 8.94 13,260  675  12,585 
Non-compete agreements 2.00 42  14  28 
8.13 $ 15,343  $ 1,142  $ 14,201 
Schedule of estimated future amortization expense
Estimated future amortization expense for the Company’s intangible assets at June 30, 2023 was as follows:

Year ending December 31,
Remainder of 2023 $ 1,447 
2024 2,772 
2025 2,289 
2026 2,062 
2027 2,062 
Thereafter 8,068 
Total $ 18,700 
Schedule of changes in goodwill
The changes in the carrying value of the Company’s goodwill in the six months ended June 30, 2023 and 2022 were as follows (in thousands):
2023 2022
Balance at January 1, $ 8,079  $ 2,068 
Ermont Acquisition 3,914  — 
Kind Acquisition —  6,011 
Balance at June 30, $ 11,993  $ 8,079