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INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Finite-Lived Intangible Assets

The following is a summary of finite-lived intangible assets:

 

$ in thousands

 

Intangible Assets

 

 

Accumulated Amortization

 

 

Intangible Assets, Net

 

Balance December 31, 2020

 

$

-

 

 

$

-

 

 

$

-

 

Customer relationships (Note 3)

 

 

3,320

 

 

 

(244

)

 

 

3,076

 

Tradename (Note 3)

 

 

490

 

 

 

(29

)

 

 

461

 

Balance December 31, 2021

 

$

3,810

 

 

$

(273

)

 

$

3,537

 

Schedule of Estimated Annual Amortization Expense

Total estimated annual amortization expense related to finite-lived intangibles is as follows:

 

$ in thousands

 

Amortization

 

2022

 

$

928

 

2023

 

 

928

 

2024

 

 

928

 

2025

 

 

684

 

Thereafter

 

 

69

 

Total

 

$

3,537