Intangible Assets

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

9. Intangible Assets

Intangible assets consisted of the following:

(Dollars in thousands)	March 31, 2022			December 31, 2021
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		(1,344	)		(1,241	)
Intangible assets, net	$	13,521		$	13,624

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

March 31, 2022

(Unaudited)

The customer list is being amortized over a seven-year life. Amortization expense totaled $0.1 million for both the three months ended March 31, 2022 and 2021.

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.