Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Note 10 – Intangible Assets and Goodwill

Intangible assets

The details of identifiable intangible assets as of December 31, 2022 and 2021 are shown below (in thousands except for lives):

	Original	Remaining		Carrying Value							Carrying Value
	Life	Life		December 31,		Intangible Assets					December 31,
Amortized Intangible Assets	(years)	(years)		2021		Acquired		Amortization			2022
Customer Relationships (HGP)	12		—	$	30	$	—	$	(30	)	$	—
Trade Name (HGP)	14		2.0		386		—		(129	)		257
Trade Name (ALT)	20		18.7		639		—		(33	)		607
Vendor Relationship (ALT)	5		3.7		1,073		—		(230	)		843
Total					2,128		—		(422	)		1,707
Unamortized Intangible Assets
Trade Name (NLEX)	N/A	N/A			2,437		—		—			2,437
Total				$	4,565	$	—	$	(422	)	$	4,144
	Original	Remaining		Carrying Value							Carrying Value
	Life	Life		December 31,		Intangible Assets					December 31,
Amortized Intangible Assets	(years)	(years)		2020		Acquired		Amortization			2021
Customer Relationships (HGP)	12		1.0	$	62	$	—	$	(32	)	$	30
Trade Name (HGP)	14		3.0		513		—		(128	)		386
Customer Relationships (NLEX)	7.6		—		111		—		(110	)		—
Trade Name (ALT)	20		19.7		—		650		(11	)		639
Vendor Relationship (ALT)	5		4.7		—		1,150		(77	)		1,073
Total					686		1,800		(358	)		2,128
Unamortized Intangible Assets
Trade Name (NLEX)	N/A	N/A			2,437		—		—			2,437
Total				$	3,123	$	1,800	$	(358	)	$	4,565

Amortization expense during each of 2022 and 2021 was $0.4 million. No significant residual value is estimated for these intangible assets.

The estimated amortization expense during future years is shown below (in thousands):

Year	Amount
2023	$	391
2024		391
2025		263
2026		186
2027		32
Thereafter		444
Total	$	1,707

Goodwill

Goodwill consisted of the following at December 31, 2022 and 2021 (in thousands):

Acquisition	December 31, 2022		December 31, 2021
ALT	$	1,861	$	1,861
HGP		2,041		2,041
NLEX		3,544		3,544
Total goodwill	$	7,446	$	7,446

The Company performed its annual impairment test for the year ended December 31, 2022 and 2021, and determined that no additional impairment charges were necessary.