Intangible Assets and Goodwill

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

NOTE 5. Intangible Assets and Goodwill

Intangible assets consist of the following goodwill, Certificate of Need (“CON”) licenses and lease rights:

	Goodwill including CON Licenses		Lease Rights			Total
	(Amounts in $000’s)
Balances, December 31, 2021
Gross	$	1,323	$	54,577		$	55,900
Accumulated amortization		-		(41,240	)		(41,240	)
Net carrying amount	$	1,323	$	13,337		$	14,660
Amortization for the year ended December 31, 2022		-		(3,028	)		(3,028	)
Balances, December 31, 2022
Gross	$	1,323	$	54,577		$	55,900
Accumulated amortization		-		(44,268	)		(44,268	)
Net carrying amount	$	1,323	$	10,309		$	11,632
Amortization for the year ended December 31, 2023	$	-		(3,028	)		(3,028	)
Balances, December 31, 2023
Gross	$	1,323	$	54,577		$	55,900
Accumulated amortization		-		(47,296	)		(47,296	)
Net carrying amount	$	1,323	$	7,281		$	8,604

Estimated amortization expense for all finite-lived intangible assets for each of the future years ending December 31, is as follows:

	Amortization of Lease Rights
	(Amounts in $000’s)
2024	$	3,028
2025		3,028
2026		675
2027		461
2028		89
Total	$	7,281

STRAWBERRY FIELDS REIT, INC. and Subsidiaries

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS