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Note 13 - Goodwill | 12 Months Ended
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Dec. 31, 2020
Notes to Financial Statements |
Goodwill Disclosure [Text Block] | 13. GOODWILL ﻿ Goodwill is comprised of the following. ﻿ ﻿ ﻿
GOODWILL
(Dollars in Thousands)
|  | As of December 31, |
|  | 2020 |  |  | 2019 |
AFN |  | $ | 109 |  |  | $ | 109 |
JVB |  |  | - |  |  |  | 7,883 |
Goodwill |  | $ | 109 |  |  | $ | 7,992 |
The Company measures its goodwill impairment on an annual basis or when events indicate that goodwill may be impaired. The Company performs its annual impairment tests of AFN goodwill on October 1 of each year; and JVB goodwill on January 1 of each year. JVB Goodwill The annual impairment testing date for the JVB goodwill is January 1. The first testing date after the acquisition was January 1, 2012. In the first quarter of 2020, the Company determined that the financial market volatility that resulted from the COVID- 19 pandemic was a triggering event that required a reassessment of the goodwill related to JVB. See note 4. The Company performed a valuation of JVB as of March 31, 2020 by applying equal weighting to both the income approach and the market approach. Under the guidance of FASB ASC 350, the Company determined that the fair value of JVB was less than the carrying value (including the goodwill). As a result, the Company recognized an impairment loss of $7,883 for the twelve months ended December 31, 2020. The impairment loss is included in the consolidated statements of operations as impairment of goodwill and is reflected as a component of operating expense. The Company determined goodwill was not impaired as of January 1, 2019 and 2018. See note 4. AFN Goodwill ﻿ The annual impairment testing date for the AFN goodwill is October 1. The first testing date following the Merger was October 1, 2010. The Company determined the goodwill was not impaired as of 2020 , 2019 , and 2018 . ﻿ ﻿ The Company concluded there was no triggering event for the goodwill related to AFN.

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- Definition The entire disclosure for goodwill. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=2144439 + Details
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