Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.23.3
INTANGIBLE ASSETS AND GOODWILL (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets
The Company’s acquired intangible assets at September 30, 2023 and December 31, 2022 consisted of the following (in thousands):

September 30, 2023 Weighted
average
amortization
period (years)		   Cost Accumulated
amortization		 Net
carrying
value
Tradename and trademarks 7.11 $ 3,104  $ 1,076  $ 2,028 
Licenses and customer base 9.15 18,033  2,217  15,816 
Non-compete agreements 2.00 42  30  12 
8.84 $ 21,179  $ 3,323  $ 17,856 


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 September 30, 2023 was as follows:

Year ending December 31,
Remainder of 2023 $ 844 
2024 3,254 
2025 2,772 
2026 2,344 
2027 2,191 
Thereafter 6,451 
Total $ 17,856 
Schedule of Changes In Goodwill
The changes in the carrying value of the Company’s goodwill in the nine months ended September 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 September 30, $ 11,993  $ 8,079