Annual report pursuant to Section 13 and 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
GOODWILL AND INTANGIBLE ASSETS  
Schedule of Goodwill

(in thousands)

 

 

 

Costs

 

 

 

Balance - December 31, 2020

 

$ 357

 

Additions

 

 

 -

 

Business Acquisitions

 

 

 -

 

Impairment

 

 

(357 )

Balance - December 31, 2021

 

$ -

 

Schedule of Intangible assets

 

 

Definite Life Intangibles

 

 

Indefinite Life Intangibles

 

 

 

 

 

Branding

 

 

Technology/

 

 

Brands &

 

 

 

(in thousands)

 

Rights

 

 

Know How

 

 

Tradenames

 

 

Total

 

Costs

 

 

 

 

 

 

 

 

 

 

 

 

Balance—December 31, 2020

 

$ 250

 

 

$ 208

 

 

$ 408

 

 

$ 866

 

Business acquisition

 

 

-

 

 

 

3,050

 

 

 

37,299

 

 

 

40,349

 

Agreement termination

 

 

(250 )

 

 

-

 

 

 

-

 

 

 

(250 )

Balance—December 31, 2021

 

$ -

 

 

$ 3,258

 

 

$ 37,707

 

 

$ 40,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance—December 31, 2020

 

$ (93 )

 

$ (37 )

 

$ -

 

 

$ (130 )

Agreement termination

 

 

98

 

 

 

-

 

 

 

-

 

 

 

98

 

Amortization

 

 

(5 )

 

 

(172 )

 

 

-

 

 

 

(177 )

Other

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Balance—December 31, 2021

 

$ -

 

 

$ (209 )

 

$ -

 

 

$ (209 )

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Book Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2020

 

$ 157

 

 

$ 171

 

 

$ 408

 

 

$ 736

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net Book Value

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2021

 

$ -

 

 

$ 3,049

 

 

$ 37,707

 

 

$ 40,756