GOODWILL AND INTANGIBLE ASSETS (Tables)
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3 Months Ended |
Mar. 31, 2022 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Finite-Lived Intangible Assets |
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
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March 31, 2022 |
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December 31, 2021 |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Net
Carrying
Amount |
| Amortizable intangible assets: |
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| Licenses |
$ |
19,000 |
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$ |
(2,932) |
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$ |
16,068 |
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$ |
19,000 |
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$ |
(1,245) |
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$ |
17,755 |
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| Trade names |
1,240 |
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(1,240) |
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— |
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1,240 |
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(1,240) |
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— |
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20,240 |
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(4,172) |
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16,068 |
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20,240 |
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(2,485) |
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17,755 |
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| Nonamortizable intangible assets: |
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| Marketing Agreement with a related party |
1,000 |
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— |
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1,000 |
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1,000 |
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— |
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1,000 |
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| Total intangible assets |
$ |
21,240 |
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$ |
(4,172) |
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$ |
17,068 |
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$ |
21,240 |
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$ |
(2,485) |
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$ |
18,755 |
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| Schedule of Indefinite-Lived Intangible Assets |
The following table provides the gross carrying value and accumulated amortization for each major class of intangible asset other than goodwill:
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March 31, 2022 |
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December 31, 2021 |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
|
Gross
Carrying
Amount |
|
Accumulated
Amortization |
|
Net
Carrying
Amount |
| Amortizable intangible assets: |
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| Licenses |
$ |
19,000 |
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$ |
(2,932) |
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$ |
16,068 |
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$ |
19,000 |
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$ |
(1,245) |
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$ |
17,755 |
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| Trade names |
1,240 |
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(1,240) |
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— |
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1,240 |
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(1,240) |
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— |
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20,240 |
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(4,172) |
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16,068 |
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20,240 |
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(2,485) |
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17,755 |
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| Nonamortizable intangible assets: |
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| Marketing Agreement with a related party |
1,000 |
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— |
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1,000 |
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1,000 |
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— |
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1,000 |
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| Total intangible assets |
$ |
21,240 |
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$ |
(4,172) |
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$ |
17,068 |
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$ |
21,240 |
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$ |
(2,485) |
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$ |
18,755 |
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| Schedule of Estimated Annual Amortization Expense |
As of March 31, 2022, the estimated annual amortization expense for the years ending December 31, 2022 through 2026 is as follows:
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| Year Ending December 31, |
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Projected Amortization
Expense |
Remaining 2022 |
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$ |
5,059 |
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| 2023 |
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6,645 |
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| 2024 |
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4,364 |
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| 2025 |
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— |
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| 2026 |
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— |
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| Total |
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$ |
16,068 |
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