Better Choice Company Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Intangible assets, royalties, and goodwill (Tables)

Intangible assets, royalties, and goodwill (Tables)

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of intangible assets

The Company’s intangible assets (in thousands) and related useful lives (in years) are as follows:


															March 31, 2021												December 31, 2020
			Estimated Useful Life						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Accumulated Amortization						Net Carrying Amount
Customer relationships			7						$	7,190					$	(1,317)					$	5,873					$	(1,059)					$	6,131
Trade name			15						7,500						(641)						6,859						(516)						6,984
Total intangible assets									$	14,690					$	(1,958)					$	12,732					$	(1,575)					$	13,115

Schedule of future amortization of intangible assets

The estimated future amortization of intangible assets over the remaining weighted average useful life of 10.0 years is as follows (in thousands):


Remainder of 2021			$	1,145
2022			1,527
2023			1,527
2024			1,527
2025			1,527
Thereafter			5,479
			$	12,732

There were no indicators or impairment of the intangible assets as of March 31, 2021.