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Note 7 - Other Intangible Assets

3 Months Ended

Mar. 31, 2023

Intangible Assets Disclosure [Text Block]

NOTE 7. OTHER INTANGIBLE ASSETS

Other intangible assets consist of the following (in thousands):

	Balance at March 31, 2023
			Accumulated
	Gross		Amortization			Impairment			Net
Indefinite-lived intangible assets
Trade names	$	2,080	$	—		$	(970	)	$	1,110

Amortizable intangible assets
Customer relationships	$	290	$	(51	)	$	(172	)	$	67
Trade secrets / product formulations		2,890		(410	)		(1,415	)		1,065

Total other intangible assets	$	5,260	$	(461	)	$	(2,557	)	$	2,242

	Balance at December 31, 2022
			Accumulated
	Gross		Amortization			Impairment			Net
Indefinite-lived intangible assets
Trade names	$	2,080	$	—		$	(970	)	$	1,110

Amortizable intangible assets
Customer relationships	$	290	$	(48	)	$	(172	)	$	70
Trade secrets / product formulations		2,890		(375	)		(1,415	)		1,100

Total other intangible assets	$	5,260	$	(423	)	$	(2,557	)	$	2,280

In the fourth quarter of 2022, the Company determined that certain of its indefinite-lived and long-lived amortizable intangible assets related to its DERMAdoctor business were impaired. As such, the Company recorded an intangible asset impairment charge of $2.6 million in the fourth quarter of 2022, which was reflected in the “Goodwill, Intangible and Other Asset Impairment” caption in the Company’s consolidated statements of operations. The Company did not record any intangible asset impairment charges for the three months ended March 31, 2023 or 2022.

Amortization expense was $38 thousand and $91 thousand for the three months ended March 31, 2023 and 2022, respectively. Based on the amortizable intangible assets as of March 31, 2023, future amortization expenses are expected to be as follows (in thousands):

2023	$	114
2024		153
2025		152
2026		153
Thereafter		560
Total	$	1,132