Intangible Assets

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

7. Intangible Assets

Intangible assets consisted of the following:

(Dollars in thousands)	March 31, 2021			December 31, 2020
Permits and licenses	$	25		$	25
Azuñia brand		11,945			11,945
Customer lists		2,895			2,895
Total intangible assets		14,865			14,865
Less accumulated amortization		(930	)		(827	)
Intangible assets, net	$	13,935		$	14,038

Amortization expense totaled $0.1 million for both the three months ended March 31, 2021 and 2020. The permits and licenses, and Azuñia brand have all been determined to have an indefinite life and will not be amortized. The customer list is being amortized over a seven-year life.