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INTANGIBLE ASSETS AND GOODWILL | 12 Months Ended
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Dec. 31, 2021
INTANGIBLE ASSETS AND GOODWILL |
Intangible Assets And Goodwill | 12. INTANGIBLE ASSETS AND GOODWILL A continuity of intangible assets for the years ended December 31, 2021 and 2020 is as follows:
In Thousands of United States dollars |  | License |  |  | Customer Relationships |  |  | Trademarks and Brands |  |  | Goodwill |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2020 |  | $ | 272 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 272 |
Acquired through business combinations (Note 11) |  |  | 138 |  |  |  | 189 |  |  |  | 121 |  |  |  | 2,247 |  |  |  | 2,695 |
Impairment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,816 | ) |  |  | (1,816 | )
At December 31, 2020 |  | $ | 410 |  |  | $ | 189 |  |  | $ | 121 |  |  | $ | 431 |  |  | $ | 1,151 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2020 |  | $ | 11 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 11 |
Additions |  |  | 53 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 53 |
At December 31, 2020 |  | $ | 64 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 64 |
Foreign Currency translation |  |  | 2 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2 |
Net book value at December 31, 2020 |  | $ | 348 |  |  | $ | 189 |  |  | $ | 121 |  |  | $ | 431 |  |  | $ | 1,089 |
Thousands of United States dollars |  | License |  |  | Customer Relationships |  |  | Trademarks and Brands |  |  | Patents |  |  | Non-Compete Agreements |  |  | Goodwill |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2021 |  | $ | 410 |  |  | $ | 189 |  |  | $ | 121 |  |  | $ | - |  |  | $ | - |  |  |  | 431 |  |  | $ | 1,151 |
Additions |  |  | 200 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 200 |
Acquired through business combinations (Note 11) |  |  | - |  |  |  | 1,570 |  |  |  | 2,090 |  |  |  | 4,300 |  |  |  | 1,190 |  |  |  | 19,675 |  |  |  | 28,825 |
Impairment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (51 | ) |  |  | (51 | )
At December 31, 2021 |  | $ | 610 |  |  | $ | 1,759 |  |  | $ | 2,211 |  |  | $ | 4,300 |  |  | $ | 1,190 |  |  | $ | 20,054 |  |  | $ | 30,124 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At January 1, 2021 |  | $ | 64 |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 64 |
Additions |  |  | 65 |  |  |  | 26 |  |  |  | 35 |  |  |  | 48 |  |  |  | 66 |  |  |  | - |  |  |  | 240 |
At December 31, 2021 |  | $ | 129 |  |  | $ | 26 |  |  | $ | 35 |  |  | $ | 48 |  |  | $ | 66 |  |  | $ | - |  |  | $ | 304 |
Foreign Currency translation |  |  | (30 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (30 | )
Net book value at December 31, 2021 |  | $ | 451 |  |  | $ | 1,733 |  |  | $ | 2,176 |  |  | $ | 4,252 |  |  | $ | 1,124 |  |  | $ | 20,054 |  |  | $ | 29,790 |
The Company’s intangible assets acquired in 2020 consist of customer relationships, tradenames/brands and licenses and certifications for formulations due to the acquisitions of Kasa, Breeze and Cronomed. The Company’s intangible asset additions in 2021 primarily consist of assets acquired as part of the November 2021 purchase of Vessel (Note 11) and intellectual property for cannabis industry education materials purchased from a third party categorized under licenses. The 2021 additions to license are being amortized over its estimated useful life of 36 months, with 35 months remaining as at December 31, 2021. Information regarding the significant Vessel intangible assets within the indicated categories of the table above is as follows as at December 31, 2021:
| · | Tradenames and brands: carrying amount $2.1 million with 94 months of remaining amortization period
| · | Patents and developed technology: carrying amount $4.3 million with 106 months of remaining amortization period
| · | Noncompete agreement: carrying amount $1.1 million with 34 months of remaining amortization period
| · | Customer relationships: carrying amount $1.5 million with 118 month of remaining amortization period
The Company’s goodwill is assigned to the following CGU’s for the years ended December 31, 2020 and 2021:
In Thousands of United States dollars |  | Pharmaceuticals and nutraceuticals |  |  | Food and beverage |  |  | Vessel |  |  | Total |
As at January 1, 2020 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |
Acquired through business combinations (Note 11) |  |  | 1,413 |  |  |  | 834 |  |  |  | - |  |  |  | 2,247 |
Impairment |  |  | (1,033 | ) |  |  | (783 | ) |  |  | - |  |  |  | (1,816 | )
As at December 31, 2020 |  | $ | 380 |  |  | $ | 51 |  |  | $ | - |  |  | $ | 431 |
Acquired through business combinations (Note 11) |  | $ | - |  |  | $ | - |  |  | $ | 19,675 |  |  | $ | 19,675 |
Impairment |  |  | - |  |  |  | (51 | ) |  |  | - |  |  |  | (51 | )
Foreign exchange impacts |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
As at December 31, 2021 |  | $ | 380 |  |  | $ | - |  |  | $ | 19,675 |  |  | $ | 20,054 |
There was no accumulated impairment of goodwill or other intangible assets on or prior to January 1, 2020. Subsequent impairment amounts are shown in the table above.

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