Quarterly report pursuant to Section 13 or 15(d)

National Holdings Corporation Acquisition - Intangible Assets (Tables)

v3.8.0.1
National Holdings Corporation Acquisition - Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2018
Business Combinations [Abstract]  
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
Amortization is calculated using the straight-line and accelerated methods over the following estimated useful lives:
 
 
 
Useful life
 
Trademark
 
10 years
 
Customer lists
 
6 years
 
Schedule of Finite-Lived Intangible Assets
The carrying amount related to acquired intangible assets as of March 31, 2018 are as follows ($ in thousands):
 
Intangible assets at December 31, 2017
 
$
14,340
 
Amortization expense
 
 
(690)
 
Intangible assets at March 31, 2018
 
$
13,650
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The future amortization of these intangible assets is as follows ($ in thousands):
 
 
 
Trademark
 
Customer
List
 
Total
 
Nine Months Ended December 31, 2018
 
$
226
 
$
1,884
 
$
2,110
 
Year Ended December 31, 2019
 
 
300
 
 
2,500
 
 
2,800
 
Year Ended December 31, 2020
 
 
301
 
 
2,506
 
 
2,807
 
Year Ended December 31, 2021
 
 
300
 
 
2,500
 
 
2,800
 
Year Ended December 31, 2022
 
 
300
 
 
1,726
 
 
2,026
 
Thereafter
 
 
1,107
 
 
–
 
 
1,107
 
Total
 
$
2,534
 
$
11,116
 
$
13,650