Goodwill and Intangible Assets

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 5 – Goodwill and Intangible Assets

Goodwill

Goodwill consisted of the following:

	Total
Balance at December 31, 2022, before accumulated impairment loses	$	12,948
Accumulated impairment losses		(1,244	)
Balance at December 31, 2022	$	11,704
Balance at September 30, 2023	$	11,704

Intangible Assets

Other intangible assets, net consisted of the following:

	September 30, 2023							December 31, 2022
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Recipes	$	44	$	(44	)	$	–	$	44	$	(44	)	$	–
Customer lists and other customer related intangibles		4,529		(4,529	)		–		4,529		(4,529	)		–
Customer relationship		3,385		(1,332	)		2,053		3,385		(1,212	)		2,173
Brand names		7,948		(2,968	)		4,980		7,948		(2,683	)		5,265
Formula		438		(438	)		–		438		(438	)		–
Total intangible assets, net	$	16,344	$	(9,311	)	$	7,033	$	16,344	$	(8,906	)	$	7,438

Estimated amortization expense on intangible assets for the next five years is as follows:

Year	Amortization
Three months ended December 31, 2023	$	135
2024	$	540
2025	$	540
2026	$	540
2027	$	540