XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Acquired Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquired Intangible Assets | Note 4 – Goodwill and Acquired Intangible Assets Goodwill Changes in goodwill for the nine months ended September 30, 2021 are as follows (in thousands): Schedule of Changes In Goodwill
|  | September 30, 2021 |
Goodwill, beginning of period |  | $ | 901 |
Acquisition of Nebula |  |  | 484 |
Goodwill, end of period |  | $ | 1,385 |
ProPhase Labs, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (unaudited) Intangible Assets, Net Intangible assets as of September 30, 2021 and December 31, 2020 consisted of the following (in thousands): Schedule of Intangible Assets
|  | September 30, |  |  | December 31, |  |  | Estimated Useful |
|  | 2021 |  |  | 2020 |  |  | Life (in years) |
Trade names |  | $ | 5,550 |  |  | $ | - |  |  |  | 15 |
Proprietary intellectual property |  |  | 4,260 |  |  |  | - |  |  |  | 5 |
Customer relationships |  |  | 1,180 |  |  |  | - |  |  |  | 1 |
CLIA license |  |  | 1,307 |  |  |  | 1,307 |  |  |  | 3 |
Total intangible assets, gross |  |  | 12,297 |  |  |  | 1,307 |  |  |  |  |
Less: accumulated amortization |  |  | (735 | ) |  |  | (73 | ) |  |  |  |
Total intangible assets, net |  | $ | 11,562 |  |  | $ | 1,234 |  |  |  |  |
Amortization expense for acquired intangible assets was $445,000 and $662,000 during the three and nine months ended September 30, 2021, respectively. The estimated future amortization expense of acquired intangible assets as of September 30, 2021 is as follows (in thousands): Schedule of Amortization Expense for Acquired Intangible Assets
Three months ended December 31, 2021 |  | $ | 709 |
Year ended December 31, 2022 |  |  | 2,378 |
Year ended December 31, 2023 |  |  | 1,585 |
Year ended December 31, 2024 |  |  | 1,222 |
Year ended December 31, 2025 |  |  | 1,222 |
Thereafter |  |  | 4,446 |
Total |  | $ | 11,562 |

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 http://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