Quarterly report pursuant to Section 13 or 15(d)

National Holdings Corporation Acquisition ?? Intangible Assets (Tables)

v3.7.0.1
National Holdings Corporation Acquisition – Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2017
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
 
10 years
 
Schedule of Finite-Lived Intangible Assets
The carrying amount related to acquired intangible assets as of June 30, 2017 are as follows ($ in thousands):
 
Intangible assets at December 31, 2016
 
$
15,991
 
Amortization expense
 
 
(819)
 
Intangible assets at June 30, 2017
 
$
15,172
 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
The future amortization of these intangible assets is as follows ($ in thousands):
 
 
 
Total
 
Six Months Ended December 31, 2017
 
$
831
 
Year Ended December 31, 2018
 
 
1,649
 
Year Ended December 31, 2019
 
 
1,649
 
Year Ended December 31, 2020
 
 
1,654
 
Year Ended December 31, 2021
 
 
1,649
 
Thereafter
 
 
7,740
 
Total
 
$
15,172