GOODWILL AND INTANGIBLES

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

On July 17, 2017, Comstock Environmental, an entity wholly owned by CDS Capital Management, L.C., a subsidiary of the Company, purchased all of the business assets of Monridge Environmental, LLC for $2.3 million. Comstock Environmental operates in Maryland, Pennsylvania, New Jersey, and Delaware as an environmental services company, providing consulting, remediation, and other environmental services.

Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed, and it is not deductible for income tax purposes. As of the acquisition date, goodwill consisted primarily of synergies resulting from the combination, expected expanded opportunities for growth and production, and savings in corporate overhead costs. As of December 31, 2020 and 2019 the balance of Goodwill was $1.7 million. This Goodwill is reflected within our Real Estate Services segment.

Intangible assets include customer relationships which has an amortization period of four years. During the years ended December 31, 2020 and 2019, $0.1 million of intangible asset amortization was recorded in General and Administrative expense on the Consolidated Statement of Operations.


	December 31, 2020		December 31, 2019
Intangibles	$	268	$	268
Less: accumulated amortization	(232)		(165)
	$	36	$	103

As of December 31, 2020, the future estimated amortization expense related to these intangible assets was:


	Amortization Expense
2021	$	36

Total	$	36

No impairments of the Company’s goodwill and other intangible assets were recognized during the years ended December 31, 2020 and 2019.