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Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 5 – Goodwill and Intangible Assets

 

Goodwill

 

Goodwill consisted of the following:

     
   Total 
Balance at December 31, 2022, before accumulated impairment loses  $12,948 
Accumulated impairment losses   (1,244)
Balance at December 31, 2022  $11,704 
Balance at March 31, 2023  $11,704 

 

Intangible Assets

 

Other intangible assets, net consisted of the following:

                              
   March 31, 2023   December 31, 2022 
   Gross       Net   Gross       Net 
   Carrying   Accumulated   Carrying   Carrying   Accumulated   Carrying 
   Amount   Amortization   Amount   Amount   Amortization   Amount 
                         
Recipes  $44   $(44)  $–   $44   $(44)  $– 
Customer lists and other customer related intangibles   4,529    (4,529)   –    4,529    (4,529)   – 
Customer relationship   3,385    (1,252)   2,133    3,385    (1,212)   2,173 
Brand names   7,948    (2,778)   5,170    7,948    (2,683)   5,265 
Formula   438    (438)   –    438    (438)   – 
Total intangible assets, net  $16,344   $(9,041)  $7,303   $16,344   $(8,906)  $7,438 

 

Estimated amortization expense on intangible assets for the next five years is as follows:

     
Year  Amortization 
Nine months ended December 31, 2023  $405 
2024  $540 
2025  $540 
2026  $540 
2027  $540