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

Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Intangible Assets

Note 7 - Intangible Assets

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE 7 – INTANGIBLE ASSETS

Intangible assets consisted of the following:

			(in thousands)
			*March 31, 2024*							*December 31, 2023*
	*Estimated Useful Life in Years*		*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Value*		*Gross Carrying Amount*		*Accumulated Amortization*			*Net Carrying Value*
Amortizing Intangible Assets:
Trademarks and Patent		2 to 8	$	4,500	$	(4,500	)	$	—	$	4,500	$	(4,491	)	$	9
Total Amortizing Intangible Assets				4,500		(4,500	)		—		4,500		(4,491	)		9

Non-Amortizing Intangible Assets:
Trade Name	Indefinite			1,350		—			1,350		1,350		—			1,350
Total Non-Amortizing Intangible Assets				1,350		—			1,350		1,350		—			1,350
Total Intangible Assets, Net			$	5,850	$	(4,500	)	$	1,350	$	5,850	$	(4,491	)	$	1,359

Amortization expense related to continuing operations was $0.01 million and $0.56 million for the three months ended March 31, 2024 and 2023, respectively.