INTANGIBLE ASSETS AND GOODWILL

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS AND GOODWILL

(9) INTANGIBLE ASSETS AND GOODWILL

The Company’s acquired intangible assets at March 31, 2023 and December 31, 2022 consisted of the following (in thousands):

March 31, 2023	Weighted average amortization period (years)	Cost		Accumulated amortization		Net carrying value
Tradename and trademarks	7.11	$	3,104	$	624	$	2,480
Licenses and customer base	9.22	18,033		1,056		16,977
Non-compete agreements	2.00	42		19		23
	8.89	$	21,179	$	1,699	$	19,480

December 31, 2022	Weighted average amortization period (years)	Cost		Accumulated amortization		Net carrying value
Tradename and trademarks	3.00	$	2,041	$	453	$	1,588
Licenses and customer base	8.94	13,260		675		12,585
Non-compete agreements	2.00	42		14		28
	8.13	$	15,343	$	1,142	$	14,201

Estimated future amortization expense for the Company’s intangible assets at March 31, 2023 was as follows:

Year ending December 31,
Remainder of 2023	$	2,023
2024	2,683
2025	2,223
2026	1,996
2027	1,996
Thereafter	8,559
Total	$	19,480

The changes in the carrying value of the Company’s goodwill in the three months ended March 31, 2023 and 2022 were as follows (in thousands):

	2023		2022
Balance at January 1,	$	8,079	$	2,068
Ermont Acquisition	3,925		—
Balance at March 31,	$	12,004	$	2,068