Other Assets

9 Months Ended

12 Months Ended

Sep. 30, 2024

Dec. 31, 2023

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]

Other Assets

10. Other Assets

Other assets consisted of the following:

(Dollars in thousands)	September 30, 2024			December 31, 2023
Product branding	$	396		$	396
Deposits		171			172
Other		-			23
Total other assets		567			591
Less accumulated amortization		(385	)		(344	)
Other assets, net	$	182		$	247

Eastside Distilling, Inc. and Subsidiaries

Notes to Consolidated Financial Statements

September 30, 2024

(Unaudited)

As of September 30, 2024, the Company had $0.4 million of capitalized costs related to services provided for the rebranding of its existing product line. This amount is being amortized over a seven-year life.

Amortization expense totalled $41,250 and $42,857 for the nine months ended September 30, 2024 and 2023, respectively.

The deposits represent the office lease deposits and cash collateral for the Company’s credit cards.

9. Other Assets

Other assets consisted of the following as of December 31:

(Dollars in thousands)	2023			2022
Product branding	$	396		$	400
Deposits		240			256
Future proceeds related to installment sales of equipment		276			-
Total other assets		912			656
Less accumulated amortization		(344	)		(287	)
Other assets, net	$	568		$	369

As of December 31, 2023, the Company had $0.4 million of capitalized costs related to services provided for the rebranding of its existing product line. This amount is being amortized over a seven-year life.

Amortization expense totaled $0.1 million for both the years ended December 31, 2023 and 2022.

The deposits represent office lease deposits.