Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

7. Intangible Assets and Goodwill

Intangible assets and goodwill consisted of the following as of December 31:

(Dollars in thousands)	2020			2019
Permits and licenses	$	25		$	25
Azuñia brand		11,945			11,945
Customer lists		2,895			3,247
Goodwill		-			28
Total intangible assets and goodwill		14,865			15,245
Less accumulated amortization		(827	)		(542	)
Intangible assets and goodwill, net	$	14,038		$	14,703

Amortization expense totaled $0.5 million and $0.4 million for the years ended December 31, 2020 and 2019, respectively. The permits and license and Azuñia brand have all been determined to have indefinite life and will not be amortized. The customer list is being amortized over a seven-year life. During the year ended December 31, 2020, it was determined that the customer list associated with the MotherLode, LLC acquisition no longer had value and was written off. The net value of the MotherLode, LLC customer list at the time of the write down was $0.2 million.