Schedule of Intangible Assets |
The
Company’s intangible assets (in thousands) and related useful lives (in years) are as follows:
Schedule of Intangible Assets
|
|
|
|
|
|
|
December 31, 2023 |
|
|
|
Estimated useful life |
|
Gross carrying amount
|
|
|
Accumulated amortization
|
|
|
Impairment loss |
|
|
Net carrying amount |
|
Customer relationships |
|
7 |
|
$ |
7,190 |
|
|
$ |
(4,142 |
) |
|
$ |
(3,048 |
) |
|
$ |
— |
|
Trade name |
|
15 |
|
|
7,500 |
|
|
|
(2,016 |
) |
|
|
(5,484 |
) |
|
|
— |
|
Total intangible assets |
|
|
|
$ |
14,690 |
|
|
$ |
(6,158 |
) |
|
$ |
(8,532 |
) |
|
$ |
— |
|
|
The
Company’s intangible assets (in thousands) and related useful lives (in years) are as follows:
Schedule of Intangible Assets
|
|
|
|
|
December 31, 2023 |
|
|
|
Estimated Useful Life (in years)
|
|
|
Gross Carrying Amount
|
|
|
Accumulated Amortization
|
|
|
Impairment Loss |
|
|
Net Carrying Amount
|
|
Customer relationships |
|
— |
|
|
$ |
7,190 |
|
|
$ |
(4,142 |
) |
|
$ |
(3,048 |
) |
|
$ |
— |
|
Trade name |
|
— |
|
|
|
7,500 |
|
|
|
(2,016 |
) |
|
|
(5,484 |
) |
|
|
— |
|
Total intangible assets |
|
|
|
|
$ |
14,690 |
|
|
$ |
(6,158 |
) |
|
$ |
(8,532 |
) |
|
$ |
— |
|
|
|
|
|
|
December 31, 2022 |
|
|
|
Estimated
Useful Life (in years)
|
|
|
Gross Carrying Amount
|
|
|
Accumulated Amortization
|
|
|
Net Carrying Amount
|
|
Customer relationships |
|
7 |
|
|
$ |
7,190 |
|
|
$ |
(3,115 |
) |
|
$ |
4,075 |
|
Trade name |
|
15 |
|
|
|
7,500 |
|
|
|
(1,516 |
) |
|
|
5,984 |
|
Total intangible assets |
|
|
|
|
$ |
14,690 |
|
|
$ |
(4,631 |
) |
|
$ |
10,059 |
|
|
Schedule of goodwill |
|
The
change in the carrying amount of goodwill for the years ended December 31, 2023 and 2022 is summarized as follows (in thousands):
Schedule of goodwill
|
|
December 31, 2023 |
|
|
December 31, 2022 |
|
Beginning balance |
|
$ |
— |
|
|
$ |
18,614 |
|
Impairment expense |
|
|
— |
|
|
|
(18,614 |
) |
Ending balance |
|
$ |
— |
|
|
$ |
— |
|
|