XML 26 R15.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Intangible Assets and Goodwill | 9 Months Ended
--- | ---
Sep. 30, 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, |  |  |  |  |  | September 30, |
Amortized Intangible Assets |  | (years) |  |  | 2021 |  |  | Amortization |  |  | 2022 |
Customer Relationships (HGP) |  |  | 0.3 |  |  | $ | 30 |  |  | $ | (22 | ) |  | $ | 8 |
Trade Name (HGP) |  |  | 2.3 |  |  |  | 386 |  |  |  | (96 | ) |  |  | 290 |
Trade Name (ALT) |  |  | 18.9 |  |  |  | 639 |  |  |  | (24 | ) |  |  | 615 |
Vendor Relationship (ALT) |  |  | 3.9 |  |  |  | 1,073 |  |  |  | (173 | ) |  |  | 900 |
Total |  |  |  |  |  | 2,128 |  |  |  | (315 | ) |  |  | 1,813 |
Unamortized Intangible Assets |  |  |  |  |  |  |  |  |  |  |  |
Trade Name (NLEX) |  | NA |  |  |  | 2,437 |  |  |  | — |  |  |  | 2,437 |
Total |  |  |  |  |  | 2,437 |  |  |  | — |  |  |  | 2,437 |
Total |  |  |  |  | $ | 4,565 |  |  | $ | (315 | ) |  | $ | 4,250 |
Amortization expense during the nine months ended September 30, 2022 and 2021 was $0.3 and $0.2 million respectively. As of September 30, 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 October 1, 2022 to December 31, 2022) |  | $ | 105 |
2023 |  |  | 391 |
2024 |  |  | 391 |
2025 |  |  | 263 |
2026 |  |  | 186 |
Thereafter |  |  | 477 |
Total |  | $ | 1,813 |
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 nine months ended September 30, 2022.
Acquisition |  | September 30, 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 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration