Intangible Assets and Goodwill

3 Months Ended

Mar. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Note 7 – Intangible Assets and Goodwill

Identifiable intangible assets

The Company’s identifiable intangible assets are associated with its acquisitions of HGP in 2012 and NLEX in 2014, as shown in the table below (in thousands), and are amortized using the straight-line method over their remaining estimated useful lives of three to seven years. The Company’s tradename acquired as part of the acquisition of NLEX in 2014 has an indefinite life and therefore is not amortized.

	Carrying Value					Carrying Value
	December 31,					March 31,
Amortized Intangible Assets	2018		Amortization			2019
Customer Network (HGP)	$	114	$	(8	)	$	106
Trade Name (HGP)		746		(25	)		721
Customer Relationships (NLEX)		330		(26	)		304
Total		1,190		(59	)		1,131

Unamortized Intangible Assets
Trade Name (NLEX)		2,437		—			2,437
Total	$	3,627	$	(59	)	$	3,568

Amortization expense during the three months ended March 31, 2019 and 2018 was $0.1 million.

The estimated amortization expense as of March 31, 2019 during the next five fiscal years and thereafter is shown below (in thousands):

Year	Amount
2019 (remainder of year from April 1, 2019 to December 31, 2019)	$	177
2020		236
2021		236
2022		128
2023		125
Thereafter		229
Total	$	1,131

Goodwill

The Company’s goodwill is related to its asset liquidation business and is comprised of goodwill from three acquisitions, as shown in the table below (in thousands). There were no additions to goodwill and no impairment losses to the carrying amount of goodwill during the three months ended March 31, 2019 and 2018.

Acquisition	March 31, 2019		December 31, 2018
Equity Partners	$	573	$	573
HGP		2,040		2,040
NLEX		3,545		3,545
Total goodwill	$	6,158	$	6,158