Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.21.2
Intangible Assets
9 Months Ended
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets

Note 6. Intangible Assets

 

Intangible assets consisted of the following at September 30, 2021:

Schedule of Intangible Assets 

    2021  
Intangible Assets:        
Customer relationships   $ 8,000  
Trade name     1,500  
Intangible assets gross     9,500  
Less accumulated amortization     (475 )
Intangible assets, net   $ 9,025  

 

Amortization expense for intangible assets aggregated $238 thousand and $475 thousand for the three and nine months ended September 30, 2021.

 

       
Remainder of 2021   $ 238  
2022     950  
2023     950  
2024     950  
2025     950  
2026     950  
Thereafter     4,037  
Total amortization expense   $ 9,025