Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v3.21.2
Intangible Assets (Tables)
9 Months Ended
Sep. 30, 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 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

 

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

 

$

1,804

 

2022

 

 

7,219

 

2023

 

 

7,219

 

2024

 

 

7,219

 

2025

 

 

7,219

 

2026 and thereafter

 

 

80,522

 

Total

 

$

111,202