XML 24 R14.htm IDEA: XBRL DOCUMENT
v3.23.1

INTANGIBLE ASSETS AND GOODWILL | 3 Months Ended
--- | ---
Mar. 31, 2023
INTANGIBLE ASSETS AND GOODWILL |
Intangible Assets And Goodwill | 8. INTANGIBLE ASSETS AND GOODWILL A continuity of intangible assets for the three months ended March 31, 20223 is as follows:
|  | License |  |  | Customer/Supplier Relationships |  |  | Trademarks and Brands |  |  | Patents |  |  | Non-Compete Agreements |  |  | Goodwill |  |  | Total |
Cost |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2022 |  | $ | 1,879 |  |  | $ | 7,703 |  |  | $ | 5,243 |  |  | $ | 4,530 |  |  | $ | 1,190 |  |  | $ | 23,633 |  |  | $ | 44,178 |
Additions |  |  | - |  |  |  | 194 |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 194 |
At March 31, 2023 |  | $ | 1,879 |  |  | $ | 7,897 |  |  | $ | 5,243 |  |  | $ | 4,530 |  |  | $ | 1,190 |  |  | $ | 23,633 |  |  | $ | 44,372 |
Accumulated Amortization |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2022 |  | $ | 273 |  |  | $ | 386 |  |  | $ | 658 |  |  | $ | 621 |  |  | $ | 463 |  |  | $ | - |  |  | $ | 2,401 |
Additions |  |  | 85 |  |  |  | 333 |  |  |  | 162 |  |  |  | 139 |  |  |  | 99 |  |  |  | - |  |  |  | 818 |
At March 31, 2023 |  | $ | 358 |  |  | $ | 719 |  |  | $ | 820 |  |  | $ | 760 |  |  | $ | 562 |  |  | $ | - |  |  | $ | 3,219 |
Foreign Currency translation |  |  | (53 | ) |  |  | 18 |  |  |  | (15 | ) |  |  | - |  |  |  | - |  |  |  | (261 | ) |  |  | (311 | )
Net book value at March 31, 2023 |  | $ | 1,468 |  |  | $ | 7,196 |  |  | $ | 4,408 |  |  | $ | 3,770 |  |  | $ | 628 |  |  | $ | 23,372 |  |  | $ | 40,842 |
Amortization expense for the three months ended March 31, 2023 was $0.8 million (March 31, 2022 - $0.4 million) and was recorded in depreciation and amortization in the condensed interim consolidated statements of loss and comprehensive loss. At March 31, 2023, the weighted average amortization period remaining for intangible assets was 5.9 years. At March 31, 2023, the estimated future amortization expense related to intangible assets is as follows:
2023 |  | $ | 2,472 |
2024 |  |  | 3,190 |
2025 |  |  | 2,794 |
2026 |  |  | 2,781 |
2027 |  |  | 2,707 |
Thereafter |  |  | 3,526 |
Total |  | $ | 17,470 |
The Company’s goodwill is assigned to the following reporting units:
|  | Pharmaceuticals |  |  | Food and beverage |  |  | Vessel |  |  | JustCBD |  |  | Franchise |  |  | Total |
Gross goodwill recorded prior to December 31, 2022 |  | $ | 1,413 |  |  | $ | 834 |  |  | $ | 19,675 |  |  | $ | 25,038 |  |  | $ | 3,732 |  |  | $ | 50,692 |
Impairment recorded prior to December 31, 2022 |  |  | (1,413 | ) |  |  | (834 | ) |  |  | (19,675 | ) |  |  | (5,398 | ) |  |  | - |  |  |  | (27,320 | )
Net book value as at December 31, 2022 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 19,640 |  |  |  | 3,732 |  |  |  | 23,372 |
Net book value as at March 31, 2023 |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 19,640 |  |  | $ | 3,732 |  |  | $ | 23,372 |

X
- References No definition available. + Details
Name: | flora_IntangibleAssetsAndGoodwillAbstract
Namespace Prefix: | flora_
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 https://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