Blüm Holdings Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS

INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2017

As of June 30, 2017 and December 31, 2016, intangible assets consisted of the following:

		June 30, 2017							December 31, 2016
	Estimated Useful Life in Years	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Gross Carrying Amount		Accumulated Amortization			Net Carrying Value

Amortized Intangible Assets:
Customer Relationships	5 to 12	$	8,960,700	$	(1,218,528	)	$	7,742,172	$	8,960,700	$	(780,960	)	$	8,179,740
Trade Brands and Patent	2 to 8		498,598		(145,757	)		352,841		498,598		(91,061	)		407,537
Dispensary License	14		10,270,000		(916,965	)		9,353,035		10,270,000		(550,179	)		9,719,821

Total Amortized Intangible Assets			19,729,298		(2,281,250	)		17,448,048		19,729,298		(1,422,200	)		18,307,098

Unamortized Intangible Assets:
Trade Name	Indefinite		5,320,000					5,320,000		5,320,000					5,320,000

Total Unamortized Intangible Assets			5,320,000					5,320,000		5,320,000					5,320,000

Total Intangible Assets		$	25,049,298	$	(2,281,250	)	$	22,768,048	$	25,049,298	$	(1,422,200	)	$	23,627,098

Intangible assets with finite lives are amortized over their estimated useful lives. We recorded amortization expense of $429,525 and $516,878 for the three months ended June 30, 2017 and 2016, respectively, and $859,050 and $527,498 for the six months ended June 30, 2017 and 2016, respectively.