Quarterly report pursuant to Section 13 or 15(d)

Intangibles, net

v3.22.2
Intangibles, net
6 Months Ended
Jun. 30, 2022
Intangibles, net  
Intangibles, net

Note 3 – Intangibles, net

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

​

​

​

​

​

​

​

​

​

​

June 30, 

​

December 31, 

​

    

2022

    

2021

Indefinite-lived intangible assets

​

​

​

​

​

​

Kona Grill trade name

​

$

17,400

​

$

—

Finite-lived intangible assets

​

​

​

​

​

​

Kona Grill trade name

​

​

—

​

​

17,400

Other finite-lived intangible assets

​

​

66

​

​

66

Total finite-lived intangible assets

​

​

66

​

​

17,466

Less: accumulated amortization

​

 

(2,182)

​

 

(1,961)

Total intangibles, net

​

$

15,284

​

$

15,505

​

Finite-lived intangible assets are amortized using the straight-line method over their estimated useful life of 10 years. Amortization expense was nominal and $0.2 million for the three months ended June 30, 2022 and 2021, respectively. Amortization expense was $0.2 million and $0.4 million for the six months ended June 30, 2022 and 2021, respectively. The Company’s estimated aggregate amortization expense for each of the five succeeding fiscal years is a nominal amount annually. Refer to Note 1 regarding the change in accounting estimate of the Kona Grill trade name.