Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.24.3
INTANGIBLE ASSETS AND GOODWILL (Tables)
 9 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Acquired Intangible Assets
The Company’s acquired intangible assets at September 30, 2024 and December 31, 2023 consisted of the following (in thousands):

September 30, 2024 Weighted
average
amortization
period (years)		   Cost Accumulated
amortization		 Net
carrying
value
Tradenames and trademarks 7.38 $ 3,159  $ 2,202  $ 957 
Licenses and customer base 7.96 22,553  3,988  18,565 
Non-compete agreements 2.00 42  42  — 
7.89 $ 25,754  $ 6,232  $ 19,522 

December 31, 2023 Weighted
average
amortization
period (years)		 Cost Accumulated
amortization		 Net
carrying
value
Tradenames 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 September 30, 2024 was as follows:

Year ending December 31,
Remainder of 2024 $ 883 
2025 3,077 
2026 2,570 
2027 2,477 
2028 2,477 
Thereafter 8,038 
Total $ 19,522 
Schedule of Changes In Goodwill
The changes in the carrying value of the Company’s goodwill in the nine months ended September 30, 2024 and 2023 were as follows (in thousands):
2024 2023
Balance at January 1, $ 11,993  $ 8,079 
Ermont Acquisition 3,819  3,914 
Balance at September 30, $ 15,812  $ 11,993