Quarterly report pursuant to Section 13 or 15(d)

Intangibles, net

v3.22.1
Intangibles, net
3 Months Ended
Mar. 31, 2022
Intangibles, net  
Intangibles, net

Note 3 – Intangibles, net

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

March 31, 

December 31, 

    

2022

    

2021

Kona Grill trade name

$

17,400

$

17,400

Other finite-lived intangible assets

66

66

Less: accumulated amortization

 

(2,180)

 

(1,961)

Total intangibles, net

$

15,286

$

15,505

The Kona Grill trade name and other finite-lived intangible assets are amortized using the straight-line method over their estimated useful life of 10 to 20 years. Amortization expense was $0.2 million for both the three months ended March 31, 2022 and 2021. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years is approximately $0.9 million annually.