Better Choice Company Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Intangible assets, royalties, and goodwill (Q1) (Tables)

Intangible assets, royalties, and goodwill (Q1) (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

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

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

					December 31, 2020					December 31, 2019
	Estimated Useful Life		Gross Carrying Amount (1)		Accumulated Amortization			Net Carrying Amount		Accumulated Amortization			Net Carrying Amount (1)
Customer relationships		7	$	7,190	$	(1,059	)	$	6,131	$	(35	)	$	7,155
Trade name		15		7,500		(516	)		6,984		(14	)		7,486
Total intangible assets			$	14,690	$	(1,575	)	$	13,115	$	(49	)	$	14,641

(1) The gross intangible asset values and the net carrying amount as of December 31, 2019 have been updated to correct an immaterial disclosure reporting error in our 2019 Annual Report on Form 10-K.

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		45,479
	$	12,732

The estimated future amortization of intangible assets over the remaining weighted average useful life of 10.2 years is as follows (in thousands):

2021	$	1,526
2022		1,526
2023		1,526
2024		1,526
2025		1,526
Thereafter		5,485
	$	13,115