Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

9. Intangible Assets

Intangible assets consisted of the following as of December 31:

(Dollars in thousands)	2021			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		(1,241	)		(827	)
Intangible assets, net	$	13,624		$	14,038

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

Years Ended December 31, 2021 and 2020

The customer list is being amortized over a seven-year life. Amortization expense totaled $0.4 million and $0.5 million for the years ended December 31, 2021 and 2020, respectively.

The permits and licenses, and Azuñia brand have all been determined to have an indefinite life and will not be amortized. The Company, on an annual basis, tests the indefinite life assets for impairment. If an indefinite life asset is found to be impaired, then the Company will estimate its useful life and amortize the asset over the remainder of its useful life.