IDENTIFIED INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2020

IDENTIFIED INTANGIBLE ASSETS [Abstract]

7. IDENTIFIED INTANGIBLE ASSETS

A schedule of identified intangible assets is as follows:


		Gross		Accumulated		Carrying
($ in thousands)		Amount		Amortization		Amount
September 30, 2020
Trademarks
Wholesale	$	27,192		-	$	27,192
Retail		2,900		-		2,900
Patents		895	$	771		124
Total Intangibles	$	30,987	$	771	$	30,216

		Gross		Accumulated		Carrying
December 31, 2019		Amount		Amortization		Amount
Trademarks
Wholesale	$	27,192		-	$	27,192
Retail		2,900		-		2,900
Patents		895	$	747		148
Total Intangibles	$	30,987	$	747	$	30,240

		Gross		Accumulated		Carrying
September 30, 2019		Amount		Amortization		Amount
Trademarks
Wholesale	$	27,192		-	$	27,192
Retail		2,900		-		2,900
Patents		895	$	739		156
Total Intangibles	$	30,987	$	739	$	30,248

The weighted average life for our patents is 3.4 years.

A schedule of approximate amortization expense related to finite-lived intangible assets for the three and nine months ended September 30, 2020 and 2019 is as follows:


		Three Months Ended				Nine Months Ended
		September 30,				September 30,
($ in thousands)		2020		2019		2020		2019
Amortization expense	$	8	$	8	$	24	$	25

A schedule of approximate expected amortization expense related to finite-lived intangible assets for the years ending December 31, is as follows:


		Amortization
($ in thousands)		Expense
2020	$	31
2021		26
2022		22
2023		20
2024		17
2025		12
2026+		20