Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.24.1.u1
INTANGIBLE ASSETS AND GOODWILL (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets
The Company’s acquired intangible assets at March 31, 2024 and December 31, 2022 consisted of the following (in thousands):

March 31, 2024 Weighted
average
amortization
period (years)		   Cost Accumulated
amortization		 Net
carrying
value
Tradename and trademarks 7.38 $ 3,159  $ 1,677  $ 1,482 
Licenses and customer base 7.00 14,159  2,824  11,335 
Non-compete agreements 2.00 42  40  2 
7.05 $ 17,360  $ 4,541  $ 12,819 

December 31, 2023 Weighted
average
amortization
period (years)		 Cost Accumulated
amortization		 Net
carrying
value
Tradename and trademarks 7.11 $ 3,104  $ 1,335  $ 1,769 
Licenses and customer base 9.15 18,033  2,797  15,236 
Non-compete agreements 2.00 42  35  7 
8.84 $ 21,179  $ 4,167  $ 17,012 
Schedule of Estimated Future Amortization Expense
Estimated future amortization expense for the Company’s intangible assets at March 31, 2024 was as follows:

Year ending December 31,
Remainder of 2024 $ 2,019 
2025 2,237 
2026 1,730 
2027 1,637 
2028 1,637 
Thereafter 3,559 
Total $ 12,819 
Schedule of Changes In Goodwill
The changes in the carrying value of the Company’s goodwill in the three months ended March 31, 2024 and 2023 were as follows (in thousands):
2024 2023
Balance at January 1, $ 11,993  $ 8,079 
Ermont Acquisition 3,819  3,925 
Balance at March 31, $ 15,812  $ 12,004