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

9 Months Ended

Sep. 30, 2024

Notes to Financial Statements

Intangible Assets Disclosure [Text Block]

NOTE 7 – INTANGIBLE ASSETS

Intangible assets consisted of the following:

		(in thousands)
		*September 30, 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:
Operating Licenses	14	$	7,868	$	(4,854	)	$	3,014	$	4,769	$	(4,769	)	$	—
Total Amortizing Intangible Assets			7,868		(4,854	)		3,014		4,769		(4,769	)		—

Non-Amortizing Intangible Assets:
Trade Name	Indefinite		530		—			530		530		—			530
Total Non-Amortizing Intangible Assets			530		—			530		530		—			530
Total Intangible Assets, Net		$	8,398	$	(4,854	)	$	3,544	$	5,299	$	(4,769	)	$	530

Amortization expense related to continuing operations was $0.05 million and $0.0 million for the three months ended September 30, 2024 and 2023, respectively, and $0.09 million and $0.0 million for the nine months ended September 30, 2024 and 2023, respectively.