Quarterly report pursuant to Section 13 or 15(d)

Intangibles, net

v3.21.2
Intangibles, net
6 Months Ended
Jun. 30, 2021
Intangibles, net  
Intangibles, net

Note 3 – Intangibles, net

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

June 30, 

December 31, 

    

2021

    

2020

Kona Grill trade name

$

17,400

$

17,400

Other finite-lived intangible assets

15

Less: accumulated amortization

 

(1,522)

 

(1,087)

Total intangibles, net

$

15,893

$

16,313

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 and $0.4 million for each of the three and six months ended June 30, 2021 and 2020, respectively. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years is approximately $0.9 million annually.