Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.21.1
Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Components of Intangible Assets

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

 

 

Summary of Components of Related Amortization Expense

 

 

 

 

 

(in thousands):

Successor

 

      2021

 

 

$

7,218

 

      2022

 

 

 

7,218

 

      2023

 

 

 

7,218

 

      2024

 

 

 

7,218

 

      2025

 

 

 

7,218

 

     Thereafter

 

 

 

80,499

 

Total

 

 

 

116,589