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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2022
GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS | NOTE 5: GOODWILL AND INTANGIBLE ASSETS The Company recorded $6,479,218 in goodwill from the Bailey business combination in February 2020, $9,681,548 in goodwill from the H&J business combination in May 2021 and $2,104,056 in goodwill from the Stateside business combination in August 2021. The following table summarizes information relating to the Company’s identifiable intangible assets as of September 30, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Gross |  | Accumulated |  | Carrying
​ | ​ | Amount | ​ | Amortization | ​ | Value
Amortized: |  | ​ |  |  | ​ |  |  | ​ |
Customer relationships | ​ | $ | 6,453,750 | ​ | ​ | (3,062,794) | ​ | $ | 3,390,956
​ | ​ |  | 6,453,750 | ​ |  | (3,062,794) | ​ |  | 3,390,956
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Indefinite-lived: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Brand name | ​ | $ | 7,836,920 | ​ |  | — | ​ |  | 7,836,920
​ | ​ | $ | 14,290,670 | ​ | $ | (3,062,794) | ​ | $ | 11,227,876
​ The Company recorded amortization expense of $537,813 and $355,808 during the three months ended September 30, 2022 and 2021, and $1,613,438 and $590,711 during the nine months ended September 30, 2022 and 2021, respectively, which is included in general and administrative expenses in the consolidated statements of operations.

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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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