Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL

v3.22.2.2
INTANGIBLE ASSETS AND GOODWILL
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS AND GOODWILL
(9) INTANGIBLE ASSETS AND GOODWILL

The Company’s acquired intangible assets at September 30, 2022 consisted of the following (in thousands):

Weighted
average
amortization
period (years)		   Cost Accumulated
amortization		 Net
carrying
value
Tradename and trademarks 3.00 $ 2,041  $ 283  $ 1,758 
Licenses and customer base 8.26 8,100  422  7,678 
Non-compete agreements 2.00 42  9  33 
7.18 $ 10,183  $ 714  $ 9,469 

Estimated future amortization expense for the Company’s intangible assets at September 30, 2022 was as follows:

Year ending December 31,
Remainder of 2022 $ 428 
2023 1,712 
2024 1,698 
2025 1,239 
2026 1,011 
Thereafter 3,381 
Total $ 9,469 

The changes in the carrying value of the Company’s goodwill in the three months ended September 30, 2022 and 2021 were as follows (in thousands):
2022 2021
Balance at January 1, $ 2,068  $ 2,068 
Kind Acquisition 6,011  — 
Balance at September 30, $ 8,079  $ 2,068