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Intangible Assets and Goodwill | 9 Months Ended
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Sep. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Note 9 – Intangible Assets and Goodwill Identifiable intangible assets The Company’s identifiable intangible assets are associated with its acquisitions of HGP in 2012, NLEX in 2014 and ALT in 2021, as shown in the table below (in thousands), and are amortized using the straight-line method over their remaining estimated useful lives of one to four years. The Company’s tradenames that were acquired as part of the acquisition of NLEX in 2014 and ALT in 2021 have an indefinite life and therefore are not amortized. See Note 14 for further information.
|  | Carrying Value |  |  | Intangible |  |  |  |  |  |  | Carrying Value |
|  | December 31, |  |  | Assets |  |  |  |  |  |  | September 30, |
Amortized Intangible Assets |  | 2020 |  |  | Acquired |  |  | Amortization |  |  | 2021 |
Customer Relationships (HGP) |  | $ | 62 |  |  | $ | — |  |  | $ | (24 | ) |  | $ | 38 |
Customer Relationships (ALT) |  |  | — |  |  |  | 1,020 |  |  |  | (17 | ) |  |  | 1,003 |
Customer Relationships (NLEX) |  |  | 111 |  |  |  | — |  |  |  | (82 | ) |  |  | 29 |
Trade Name (HGP) |  |  | 513 |  |  |  | — |  |  |  | (95 | ) |  |  | 418 |
Total |  |  | 686 |  |  |  | 1,020 |  |  |  | (218 | ) |  |  | 1,488 |
Unamortized Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trade Name (NLEX) |  |  | 2,437 |  |  |  | — |  |  |  | — |  |  |  | 2,437 |
Trade Name (ALT) |  |  | — |  |  |  | 340 |  |  |  | — |  |  |  | 340 |
Total |  |  | 2,437 |  |  |  | 340 |  |  |  | — |  |  |  | 2,777 |
Total |  | $ | 3,123 |  |  | $ | 1,020 |  |  | $ | (218 | ) |  | $ | 4,265 |
Amortization expense during the nine months ended September 30, 2021 and 2020 was $0.2 million. As of September 30, 2021, the estimated amortization expense for the remainder of the current fiscal year and the next three fiscal years is shown below (in thousands):
Year |  | Amount |
2021 (remainder of year from October 1, 2021 to December 31, 2021) |  | $ | 119 |
2022 |  |  | 363 |
2023 |  |  | 333 |
2024 |  |  | 333 |
Thereafter |  |  | 340 |
Total |  | $ | 1,488 |
Goodwill The Company’s goodwill is related to its asset liquidation business and is comprised of goodwill from the acquisitions of HGP in 2012, NLEX in 2014 and ALT in 2021, as shown in the table below (in thousands). During the nine months ended September 30, 2021, ALT was the only addition to goodwill and there were no impairment losses to the carrying amount of goodwill. See Note 14 for further information.
Acquisition |  | September 30, 2021 |  |  | December 31, 2020 |
ALT |  | $ | 1,677 |  |  | $ | — |
HGP |  |  | 2,040 |  |  |  | 2,040 |
NLEX |  |  | 3,545 |  |  |  | 3,545 |
Total goodwill |  | $ | 7,262 |  |  | $ | 5,585 |

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