Quarterly report pursuant to Section 13 or 15(d)

INTANGIBLE ASSETS AND GOODWILL (Tables)

v3.20.2
INTANGIBLE ASSETS AND GOODWILL (Tables)
9 Months Ended
Sep. 30, 2020
COMMITMENTS AND CONTINGENCIES  
Schedule of Intangible Assets, Net

 

 

(in thousands)

 

 

 

September 30,

 

 

December 31,

 

 

 

2020

 

 

2019

 

Amortizing Intangible Assets:

 

 

 

 

 

 

Customer relationships

 

$ 7,400

 

 

$ 7,860

 

Dispensary licenses

 

 

10,270

 

 

 

10,270

 

Trade name

 

 

196

 

 

 

196

 

 

 

 

 

 

 

 

 

 

Gross carrying amount

 

 

17,865

 

 

 

18,326

 

 

 

 

 

 

 

 

 

 

Accumulated Amortization

 

 

(10,757 )

 

 

(8,525 )

 

 

 

 

 

 

 

 

 

Total intangible assets, net

 

 

7,108

 

 

 

9,801

 

 

 

 

 

 

 

 

 

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

Trade Name

 

 

920

 

 

 

5,070

 

 

 

 

 

 

 

 

 

 

Total Indefinite-Lived Intangible Assets

 

 

920

 

 

 

5,070

 

 

 

 

 

 

 

 

 

 

Total Intangible Assets, Net

 

$ 8,028

 

 

$ 14,871

 

Schedule of changes in the carrying amount of goodwill

 

 

(in thousands)

 

Balance at December 31, 2019

 

$ 21,471

 

Impairment

 

 

(15,300 )

Balance at September 30, 2020

 

$ 6,171