Quarterly report pursuant to Section 13 or 15(d)

Intangibles, net

v3.20.1
Intangibles, net
3 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangibles, net

Note 4 – Intangibles, net

Intangibles, net consists of the following (in thousands):

 

 

 

 

 

 

 

 

 

 

March 31, 

 

December 31, 

 

    

2020

    

2019

Kona Grill tradename

 

$

17,400

 

$

17,400

Less: accumulated amortization

 

 

(435)

 

 

(217)

Total intangibles, net

 

$

16,965

 

$

17,183

 

The Kona Grill trade name is amortized using the straight-line method over its estimated useful life of 20 years. Amortization expense was $0.2 million for the three months ending March 31, 2020. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years is approximately $0.9 million annually.