Intangible Assets and Goodwill

6 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

7. Intangible Assets and Goodwill

Intangible assets and goodwill at June 30, 2020 and December 31, 2019 consists of the following:

(Dollars in thousands)

	June 30, 2020			December 31, 2019
Permits and licenses	$	25		$	25
Azuñia brand		11,945			11,945
Customer lists		3,247			3,247
Goodwill		28			28
Total intangible assets and goodwill		15,245			15,245
Less accumulated amortization		(787	)		(542	)
Intangible assets and goodwill - net	$	14,458			14,703

Amortization expense totaled $0.2 million and $0.2 million for the six months ended June 30, 2020 and June 30, 2019, respectively. The permits and licenses, Azuñia brand and goodwill have all been determined to have indefinite life and will not be amortized. The customer list is being amortized over a seven-year life.