Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.1
Intangible Assets (Tables)
3 Months Ended
Mar. 31, 2021
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 a
c
cumulated amortization.:
 
    
March 31, 2021
    
December 31, 2020
 
Intangible Assets (in thousands)
  
Amount
    
Accumulated
Amortization
    
Net
 
Carrying
Value
    
Amount
    
Accumulated
Amortization
    
Net
 
Carrying
Value
 
Franchise agreements
   $ 24,839     
$
1,032      $ 23,807      $ 24,839      $ 147      $ 24,692  
Trade names / trademarks
     83,055        801        82,254        83,033        115        82,918  
Liquor license
     235        —          235        235        —          235  
Reef Kitchens license agreement
     8,882        258        8,624        8,882        37        8,845  
VegeFi product
     135        4        131        135        1        134  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
     $ 117,146      $ 2,095      $ 115,051      $ 117,124      $ 300      $ 116,824  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary of Components of Related Amortization Expense The estimated aggregate amortization expense for intangible assets over the next five years ending December 31 and thereafter is as follows:
(
in thousands
)
  
 
 
Remainder of 2021
  
$
5,423
 
2022
  
 
7,218
 
2023
  
 
7,218
 
2024
  
 
7,218
 
2025
  
 
7,218
 
2026 and thereafter
  
 
80,521
 
 
  
 
 
 
Total
  
$
114,816