BurgerFi International, Inc. Post-effective amendment to a registration statement that is not immediately effective upon filing

Intangible Assets (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

The following is a summary of the components of intangible assets and the related accumulated amortization.:


	September 30, 2021						December 31, 2020
Intangible Assets (in thousands)	Amount		Accumulated Amortization		Net Carrying Value		Amount		Accumulated Amortization		Net Carrying Value
Franchise agreements	$	24,839	$	2,809	$	22,030	$	24,839	$	147	$	24,692
Trade names / trademarks		83,060		2,191		80,869		83,033		115		82,918
Liquor license		235		—		235		235		—		235
Reef Kitchens license agreement		8,882		703		8,179		8,882		37		8,845
VegeFi product		135		11		124		135		1		134

	$	117,151	$	5,714	$	111,437	$	117,124	$	300	$	116,824

The following is a summary of the components of intangible assets and the related amortization expense:


	Successor December 31, 2020						Predecessor December 31, 2019
Intangible Assets at December 31, 2020 (in thousands)	Amount		Accumulated Amortization		Net Carrying Value		Amount		Accumulated Amortization		Net Carrying Value
Franchise agreements	$	24,839	$	147	$	24,692	$	—	$	—	$	—
Trade names / trademarks		83,033		115		82,918		25		—		25
Liquor license		235		—		235		210		—		210
Reef Kitchens license agreement		8,882		37		8,845		—		—		—
VegeFi product		135		1		134		—		—		—

	$	117,124	$	300	$	116,824	$	235	$	—	$	235

The estimated aggregate amortization expense for intangible assets over the next five years ending December 31 and thereafter is as follows:

The estimated aggregate amortization expense for intangible assets over the next five years ending December 31 and thereafter is as follows: