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Intangible Assets and Goodwill | 3 Months Ended
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Mar. 31, 2022
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 except for lives), and are amortized using the straight-line method over their remaining estimated useful lives. The Company’s tradename that was acquired as part of the acquisition of NLEX in 2014 has an indefinite life and therefore is not amortized.
|  | Remaining |  |  | Carrying Value |  |  |  |  |  | Carrying Value |
|  | Life |  |  | December 31, |  |  |  |  |  | March 31, |
Amortized Intangible Assets |  | (years) |  |  | 2021 |  |  | Amortization |  |  | 2022 |
Customer Relationships (HGP) |  |  | 0.8 |  |  | $ | 30 |  |  | $ | (8 | ) |  | $ | 22 |
Trade Name (HGP) |  |  | 2.8 |  |  |  | 386 |  |  |  | (32 | ) |  |  | 354 |
Trade Name (ALT) |  |  | 19.4 |  |  |  | 639 |  |  |  | (8 | ) |  |  | 631 |
Vendor Relationship (ALT) |  |  | 4.4 |  |  |  | 1,073 |  |  |  | (57 | ) |  |  | 1,016 |
Total |  |  |  |  |  | 2,128 |  |  |  | (105 | ) |  |  | 2,023 |
Unamortized Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade Name (NLEX) |  | NA |  |  |  | 2,437 |  |  |  | — |  |  |  | 2,437 |
Total |  |  |  |  |  | 2,437 |  |  |  | — |  |  |  | 2,437 |
Total |  |  |  |  | $ | 4,565 |  |  | $ | (105 | ) |  | $ | 4,460 |
Amortization expense during the three months ended March 31, 2022 and 2021 was $0.1 million. As of March 31, 2022, the estimated amortization expense for the remainder of the current fiscal year and the next five fiscal years and thereafter is shown below (in thousands):
Year |  | Amount |
2022 (remainder of year from April 1, 2022 to December 31, 2022) |  | $ | 316 |
2023 |  |  | 391 |
2024 |  |  | 391 |
2025 |  |  | 262 |
2026 |  |  | 186 |
Thereafter |  |  | 477 |
Total |  | $ | 2,023 |
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). There were no additions to goodwill and no impairment losses to the carrying amount of goodwill during the three months ended March 31, 2022.
Acquisition |  | March 31, 2022 |  |  | December 31, 2021 |
ALT |  | $ | 1,861 |  |  | $ | 1,861 |
HGP |  |  | 2,040 |  |  |  | 2,040 |
NLEX |  |  | 3,545 |  |  |  | 3,545 |
Total goodwill |  | $ | 7,446 |  |  | $ | 7,446 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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