Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND INTANGIBLE ASSETS (Tables)

v3.22.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
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:
June 30, 2022 December 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortizable intangible assets:
Licenses $ 19,000  $ (4,618) $ 14,382  $ 19,000  $ (1,245) $ 17,755 
Trade names 1,240  (1,240) —  1,240  (1,240) — 
20,240  (5,858) 14,382  20,240  (2,485) 17,755 
Nonamortizable intangible assets:
Marketing Agreement with a related party 1,000  —  1,000  1,000  —  1,000 
Total intangible assets $ 21,240  $ (5,858) $ 15,382  $ 21,240  $ (2,485) $ 18,755 
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:
June 30, 2022 December 31, 2021
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortizable intangible assets:
Licenses $ 19,000  $ (4,618) $ 14,382  $ 19,000  $ (1,245) $ 17,755 
Trade names 1,240  (1,240) —  1,240  (1,240) — 
20,240  (5,858) 14,382  20,240  (2,485) 17,755 
Nonamortizable intangible assets:
Marketing Agreement with a related party 1,000  —  1,000  1,000  —  1,000 
Total intangible assets $ 21,240  $ (5,858) $ 15,382  $ 21,240  $ (2,485) $ 18,755 
Schedule of Estimated Annual Amortization Expense
As of June 30, 2022, the estimated annual amortization expense for the years ending December 31, 2022 through 2026 is as follows:
Year Ending December 31, Projected Amortization
Expense
Remaining 2022
$ 3,373 
2023 6,645 
2024 4,364 
2025 — 
2026 — 
Total $ 14,382