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GOODWILL AND OTHER INTANGIBLE ASSETS, NET
6 Months Ended
Jun. 30, 2022
GOODWILL AND OTHER INTANGIBLE ASSETS, NET  
GOODWILL AND OTHER INTANGIBLE ASSETS, NET

NOTE 6. – GOODWILL AND OTHER INTANGIBLE ASSETS, NET

Goodwill

The change in the carrying amount of goodwill during fiscal year 2022 was as follows:

Balance at January 1, 2022

$

GVB acquisition (see Note 2)

44,200

Balance at June 30, 2022

$

44,200

Intangible Assets

Total intangible assets at June 30, 2022 and December 31, 2021 consisted of the following:

June 30, 

December 31, 

    

2022

    

2021

Intangible assets, net

 

  

 

  

Patent and trademark costs

$

6,287

$

5,991

Less: accumulated amortization

 

(3,503)

 

(3,303)

Patent and trademark costs, net

 

2,784

 

2,688

License fees

 

3,876

 

3,876

Less: accumulated amortization

 

(3,503)

 

(3,303)

License fees, net

 

2,554

 

2,679

MSA signatory costs

 

2,202

 

2,202

  

License fee for predicate cigarette brand

 

350

 

350

$

7,890

$

7,919

See Note 2 “Business Acquisitions” for additional details regarding intangible assets acquired during 2022 as a result of the acquisition of GVB.

Amortization expense relating to the above intangible assets for the three and six months ended June 30, 2022 amounted to $163 and $324, respectively ($153 and $303, respectively, for the three and six months ended June 30, 2021).