Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.22.2.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of acquired intangible assets
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 
Schedule of estimated future amortization expense
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 
Schedule of changes in goodwill
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