Balance Sheet Disclosures

12 Months Ended

Dec. 31, 2021

Balance Sheet Disclosures [Abstract]

Balance Sheet Disclosures

Note 2 - Balance Sheet Disclosures

Accounts receivable are summarized as follows:

	December 31,
($ in thousands)	2021			2020
Accounts receivable – trade	$	22,794		$	13,091
Allowance for doubtful accounts		(97	)		(58	)
	$	22,697		$	13,033

Property and equipment consist of the following:

	December 31,
($ in thousands)	2021			2020
Tractors, trailers and other vehicles	$	46,483		$	38,845
Equipment		2,204			1,006
Land		976			976
Leasehold improvements		181			343
Computer equipment		115			48
Office equipment		108			71
		50,067			41,289
Less accumulated depreciation		(22,105	)		(13,049	)
	$	27,962		$	28,240

Depreciation expense for the years ended December 31, 2021 and 2020, was $8.2 million and $9.0 million, respectively.

Intangible assets consist of the following:

	December 31, 2021							December 31, 2020
($ in thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Customer relationships	$	4,604	$	(2,063	)	$	2,541	$	4,604	$	(1,499	)	$	3,105
Trade names		2,416		(917	)		1,499		2,416		(640	)		1,776
Non-competition agreements		325		(185	)		140		325		(119	)		206
	$	7,345	$	(3,165	)	$	4,180	$	7,345	$	(2,258	)	$	5,087

Amortization expense for the years ended December 31, 2021 and 2020, was $0.9 million and $1.0 million, respectively. The weighted-average remaining useful life of the finite-lived intangible assets was 8.0 years as of December 31, 2021, of which the weighted-average remaining useful life for the customer relationships was 8.0 years, for the trade names was 8.4 years, and for the non-competition agreements was 2.3 years.

Future amortization expense will be approximately as follows:

Year Ending December 31,
($ in thousands)
2022	$	873
2023		768
2024		545
2025		321
2026		321
Thereafter		1,352
	$	4,180

Goodwill consists of the following:

	December 31,
($ in thousands)	2021		2020
Beginning balance	$	23,837	$	23,837
Acquisitions		—		—
Impairment		—		—
	$	23,837	$	23,837

All of the Company's goodwill is included in its Trucking reporting unit.

Accrued expenses and other current liabilities consist of the following:

	December 31,
($ in thousands)	2021		2020
Purchased transportation	$	9,300	$	2,158
Compensation, related taxes and benefits		6,811		6,751
Deferred revenue		—		6,337
Other		3,633		3,343
	$	19,744	$	18,589